And the average age of U.S. automobiles is 13 years.
EV/hybrid's effect on current oil consumption is 2% at the very, very most.
Gasoline is the most-consumed petroleum product in the United States. In 2022, consumption of finished motor gasoline averaged about 8.78 million b/d (369 million gallons per day), which was about 43% of total U.S. petroleum consumption.
OK, but what's the median age of U.S. automobiles? I think that's a more relevant merasure.
And the average age of U.S. automobiles is 13 years.
EV/hybrid's effect on current oil consumption is 2% at the very, very most.