<ul data-eligibleForWebStory="false"><li>EVs are significantly impacting oil demand, displacing over 2 million barrels of road fuel per day.</li><li>Despite the U.S. reducing federal support for EVs, global adoption is increasing, with countries like China and the EU promoting electrification.</li><li>Tesla plays a central role in the global shift towards EVs, influencing the industry with its efficient vehicles and charging infrastructure.</li><li>Oil companies are adapting to the EV revolution, investing in lithium extraction, buying charging hardware, and expanding charging infrastructure to stay relevant in the changing energy landscape.</li></ul>

EVs Are Crushing Oil Demand — With or Without U.S. Tax Credits

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