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2021 EV savings at $1.3 billion


BOHICA

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In the US.  700 million gallons saved.  19 billion miles traveled. And $1.3 billion saved in energy cost for the consumer.

https://insideevs.com/news/623977/us-2021-plugins-traveled-19billion-miles-electricity/

This estimated distance of 19 billion miles is noticeably higher than in 2020 (nearly 13 billion miles), which indicates how quickly the electrification of driving progresses. BEVs noted a 57% year-over-year increase in EV miles, while PHEVs by 24% last year (mostly proportionally to sales increase).

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Clearly there is growth here. But - you need to take the pandemic into consideration. Most of us put far fewer miles on in 2020 while we were locked down. Looking at the chart, you can see growth was slower, leveling off during 2020. Then, in 2021 the curve of the growth is pretty much back on track. 

No way I would expect 50+% growth in 2022.

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