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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. Use of the alternate routes would increase the cost of transportation.

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EV Radar: June 2022


Some automakers raised the costs of their EVs between 5 per cent to 20 per cent. 3% of Global Oil Demand Avoided. Today's EVs have helped avoid 3% of global oil demand. An optional electric power supply can be used to operate auxiliary equipment, eliminating the need for the usual diesel or gas generator. in Your Inbox.