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EVs are avoiding about 3% of global oil demand—a fifth of Russia's total exports

Green Car Reports

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

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Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. The data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer.

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Will Higher Oil Prices Spark a Tesla Stock Surge?

CleanTechnica EVs

As Ukraine weathers a continued Russian invasion, sanctions are causing high oil prices, resulting in high gas costs at the pump for consumers. According to Oil Price.com, the event has many wondering if high gas prices could further accelerate Tesla’s rising stock prices and the overall adoption of electric vehicles.

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Tesla’s Elon Musk predicts peak oil demand within next 5 years

Teslarati

Over the years, Musk has clarified on Twitter that he actually supports solutions such as nuclear energy, and amidst the Russia-Ukraine war, the CEO highlighted the need for greater oil and gas output. In a recent response on Twitter, Musk predicted that the use of oil and gas would likely peak within the coming years.

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5 Ways To Cut Oil & Gas Use Through Clean Transportation (Video)

CleanTechnica EVs

Oil and gas prices are skyrocketing as a result of Russia’s invasion of Ukraine, with gas prices exceeding $4 a gallon in the United States in March 2022 and more than $10 a gallon in other countries. There’s never been a better time to reduce reliance on fossil fuels.

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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock.