Acc. to Bloomberg, EVs are now reducing the world consumption of oil by 1.8 million barrels a day!
Acc. to Bloomberg, EVs are now reducing the world consumption of oil by 1.8 million barrels a day!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! We love covering electric vehicle sales and new electric vehicle models, but something we get to cover much less is how much oil is not being burned due to all of these new electric ... [continued]
And this is net emissions reductions, also taking into account the emissions from extra electricity generation.
Still a long way to go. The world still uses more oil each year, but new technology is certainly helping in lowering that curve.
I recommend to read the whole article for more information and what we can expect in the future.
Does it also take until account the production costs of EV vs ICE?
When you consider that EV lithium batteries are 99% renewable, my guess would be it's even better in the long run.