Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. Plug-in vehicles avoided roughly 1.5 million barrels of oil per day last year, according to new analysis from... EVs are avoiding about 3% of global oil demand—a fifth of Russia’s total exports
Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. Plug-in vehicles avoided roughly 1.5 million barrels of oil per day last year, according to new analysis from...