Acc. to Bloomberg, EVs are now reducing the world consumption of oil by 1.8 million barrels a day!
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.
https://cleantechnica.com/2023/12/09/1-8-million-barrels-of-oil-a-day-avoided-from-electric-vehicles/Open linkView original on lemmy.world
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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.