EVs Currently Prevent 1.8M Barrels of Oil from Being Used Daily3

A recent Bloomberg NEF report revealed that electric vehicles are partially responsible for cutting global oil use by nearly two million barrels every single day. The report indicates that although electric vehicle adoption is low in most markets, current EV use is already enough to reduce daily oil use by a substantial margin.

Fossil fuels such as oil and coal were instrumental in enabling human industrialization, and they still play a key role in many…

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