The headline doesn't follow from the actual data (par for the course with electrek I guess). Here is a graph from the source used in TFA. Now look at the sum of gasoline, diesel and biofuels, and tell me that's "cratering". https://robbieandrew.github.io/EV/img/NORenergy_road.png
EVs, plug-in hybrids and high efficiency non-plugin hybrids all combine with biofuels to dent the market demand.