EVs Now Displace 5x More Gas Than They Did in 2021

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Nearly two decades after the Tesla Roadster brought battery electric vehicles (BEVs) into the mainstream, BEVs are increasingly eating into the gasoline and diesel market. Electric vehicles now account for around 4.20% of the global car fleet, which is an admittedly small number that doesn’t truly show the impact EVs are having on fossil fuel sales. 

As legacy automakers like Ferrari N.V. (NYSE: RACE) also venture into making electric versions of…

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