EVs Now Displace 5x More Gas Than They Did in 2021
Nearly two decades after the Tesla Roadster brought battery electric vehicles (BEVs) into the mainstream, BEVs are increasingly eating into the gasoline and diesel market. Electric vehicles now account for around 4.20% of the global car fleet, which is an admittedly small number that doesn’t truly show the impact EVs are having on fossil fuel sales. Data from T&E shows that electric vehicles now displace 5 times more gas than they did in 2021, displacing a whopping 1.2 million barrels of oil daily compared to 215,000 barrels per day in 2021. In addition to displacing 1.20% of worldwide oil use,…