Europe’s EV boom has saved these 6 oil-importing countries almost €2 billion since start of Iran war

AI Summary

Europe’s growing electric-vehicle fleet has helped six oil-importing countries avoid nearly €2 billion in oil costs since the start of the Iran war. The article highlights EV adoption as a way to reduce exposure to volatile oil markets and potential supply shocks.

“Every EV on the road reduces exposure to volatile oil markets, and as fleets grow – so does the protection against future supply shocks.”