EV & Hybrid

Electric cars saved $20B in oil – and the US is falling behind

Oct 14, 2026 - 10:12
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Electric cars saved $20B in oil – and the US is falling behind

EVs are giving oil-importing countries some breathing room during the Hormuz energy crisis. Between March and August, their EV fleets displaced an estimated $20 billion worth of crude oil, according to new analysis from energy think tank Ember.

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