EV Radar: June 2022

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3% of Global Oil Demand Avoided. Today's EVs have helped avoid 3% of global oil demand. Several models in the market already can supply power to other cars, appliances, and even homes. Eritrea. EV Radar affordable EV battery plant EV rental icars middle east supply chain

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

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Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea.

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