46% of the oil goes into road transport as fuel, as diesel and petrol.
The origin and the processing is highly concentrated. A lot of that money goes to sheiks and Putin and Exxon and Shell.
With running an electric car or reducing the use of a car all together, you don't support them and their extraordinary profits to the same degree.
Reducing plastic use (15% of oil use) is another factor.
Surely, there are environmental benefits as well.