Ross Gerber Says EVs Can Reduce Oil Dependence, Emissions and Global Conflicts: 'Say No To War Over Oil'

Benzinga_recent_news07-19

On Saturday, investor Ross Gerber renewed his support for electric vehicles, arguing that Global electric vehicle (EV) adoption could help reduce oil dependence, lower emissions and reshape the future...

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Say no to war over oil. Say no to emissions. Say YES to an EV!\" he wrote.\nHe argued that switching to electric vehicles could benefit consumers while addressing broader environmental and geopolitical concerns.\n\"We all win. You save money, get a better car and the world is a little better off!\" Gerber added.\nEarlier, EV sales reached 2 million units in June 2026, rising 11% from May, as strong European demand offset weakness in China and the U.S., according to Benchmark Intelligence data cited by Electrek.\nEurope recorded 530,000 EV sales in June, up 31% year over year, while North American sales declined 20% in the first half of 2026, partly due to the expiration of the $7,500 federal EV tax credit and policy shifts favoring gasoline vehicles.\nRivian’s Beau Whitman called the rules \"restrictive,\" \"complicated,\" and \"convoluted,\" while Lucid’s Daniel Witt said they created challenges for sales teams.\nHowever, he said demand could grow for affordable EVs and highlighted Ford’s Universal EV platform, which will support future sub-$30,000 models.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Natee Meepian On Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652225489","isCrawlerRequest":true}