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Ownership rates for cars and light trucks have touched their highest levels since 2008 and 2009, according to a report from the University of Michigan Transportation Research Institute.
The National Transportation Safety Board is gathering information about an accident involving a Tesla Model S sedan that rear-ended a firetruck on a freeway near Los Angeles, the agency said.
Despite strong global oil consumption helping to push crude prices higher, the rise of electric vehicles is seen as one of the biggest long-term threats to demand.
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