PVTIME – An X user posted: “Regardless of what happens in Europe and the U.S., the world is moving to EVs. There is nothing that western automakers can do to reverse this trend, and geopolitical risk in oil will only accelerate it….” Elon Musk replied with “True.”
Separately, EV analyst Sawyer Merritt stated: “Growing global adoption of electric vehicles helped avoid the consumption of 2.3 million barrels of oil per day last year. By 2030, avoided daily consumption could more than double to 5.25 million barrels. Electric vehicles are increasingly cost-competitive with gasoline cars. Oil volatility means EVs are a common-sense choice for countries wishing to insulate themselves from future shocks.” Musk responded: “Solar/battery/EVs is the future.”
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