"Electric vehicles and plug-in hybrids displaced 2.3 million barrels of oil consumption per day in 2025, according to research from BloombergNEF. That number should more than double by the end of the decade as sales of battery-powered cars continue to climb globally."
"Surprisingly, electric two- and three-wheelers are currently cutting oil use more than cars, particularly in developing economies across Asia, BNEF said. Those smaller vehicles displaced some 1.1 million barrels of oil per day last year, as compared with around 741,000 from passenger vehicles."
"For context, a single barrel of crude oil is 42 gallons, so the math here is pretty staggering. Energy think tank Ember has a more conservative estimate than BNEF, saying plug-in vehicles avoided 1.7 million barrels of oil per day in 2025 globally."
"Research shows that displacing oil consumption can bring direct, tangible benefits to public health in communities. Even after accounting for emissions associated with manufacturing and electricity generation, EVs have a lower carbon footprint."
Electric vehicles and plug-in hybrids displaced 2.3 million barrels of oil per day in 2025, with projections to exceed 5.3 million barrels by 2030. Sales of plug-in vehicles grew by 20% globally, with electric two- and three-wheelers displacing 1.1 million barrels per day, surpassing passenger vehicles. Despite a slowdown in the U.S., EV sales are robust in China, Europe, and India. Research indicates that reducing oil consumption through EVs can improve public health, even when considering emissions from manufacturing and electricity generation.
Read at insideevs.com
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