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Electric cars now displace 1.2 million barrels of oil a day

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 10 November at 2:43 pm

Who's covering this — 1 article

EV specialists: 1

Image: The Driven

The quick read

Full coverage

The DrivenEV specialists10 November at 2:43 pm

Electric cars now displace 1.2 million barrels of oil a day

Electric cars now displace 1.2 million barrels of oil a day, more than five times the amount five years ago, according to new analysis. The post Electric cars now displace 1.2 million barrels of oil…

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← Newsroom/EVs & hybrids

Electric cars now displace 1.2 million barrels of oil a day

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 10 November at 2:43 pm

Who's covering this — 1 article

EV specialists: 1

Image: The Driven

The quick read

Electric cars displace 1.2 million barrels of oil a day, a five-fold increase from five years ago.
This growth indicates a significant shift in consumer preference towards electric vehicles.
The displacement of oil by electric cars will likely continue to accelerate.
Australian dealers should prepare for increased demand for electric vehicles.

For dealers: Australian dealers need to reassess their stock and ordering strategies to capitalize on the growing demand for electric vehicles.

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The rapid growth of electric vehicles on the road, now displacing 1.2 million barrels of oil a day, poses a direct challenge to dealers who have not yet adapted their sales strategies to this new reality.

What it means for the order bank

Dealers who fail to stock a sufficient range of electric vehicles will miss out on sales as consumers increasingly opt for these cars, with the market now five times larger than it was five years ago.

This shift will also impact pricing and margin, as electric vehicles typically have lower running costs, which could lead to lower profit margins for dealers unless they adjust their pricing strategies.

Competitor response and marketing

Dealers who proactively market and promote their electric vehicle offerings will be better positioned to capture market share, as consumers are likely to be drawn to dealers who demonstrate expertise and enthusiasm for these cars.

In contrast, dealers who lag behind in promoting electric vehicles will likely lose sales to more proactive competitors, highlighting the need for a targeted marketing and lead handling strategy.

Taking action

This week, dealers can take a decisive step by reviewing their current stock and ordering pipeline to ensure they have a sufficient range of electric vehicles to meet growing demand, and by developing a marketing plan to promote these cars to their target audience.

Go deeper — ADME analysis