Ember: EVs displaced $20B in oil as US falls behind on electric shift

Electric vehicles in oil-importing countries displaced an estimated 200 million barrels of crude worth $20 billion between March and August, according to Ember, with China accounting for $14 billion. BEVs made up just 6% of US light-duty vehicle sales, and 15 countries including India and Brazil overtook the US in BEV share for the first time.

• EVs displaced 200 million barrels of oil worth $20B from March to August
• China accounted for $14B of savings, the EU added $3.1B
• BEVs were just 6% of US light-duty vehicle sales after tax credit rollback
• 15 countries including India and Brazil overtook the US in BEV share