Australia among fastest growing EV markets in world as electric cars save oil importers more than $29 billion

Australia and New Zealand have been ranked among the two fastest growing electric vehicle markets in the world since the start of the Iran war in late February triggered a fossil fuel supply crisis that is still being felt across the globe. The European energy and climate think tank Ember this week published a new analysis that shows that in the six months since the Hormuz energy crisis erupted, electric car fleets in oil-importing countries are estimated to have displaced 200 million barrels of crude oil, with a value of $US20 billion ($A29 billion). Fully electric cars (BEVs) are responsible...