EVs Displace 5 Times More Oil Globally Than They Did 5 Years Ago — Analysis - CleanTechnica
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7 Articles
As electric mobility takes center stage in climate change debates, current policies aim for electric cars to save about 5.8 million barrels of oil per day by 2034.
EVs Displace 5 Times More Oil Globally Than They Did 5 Years Ago — Analysis - CleanTechnica
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Although they constitute only about 4.2% of the world's car fleet, electric vehicles already represent "a quarter of all new cars sold" globally.
In 2026, 100% electric vehicles replaced 1.2 million barrels of oil per day. Cars avoided the annual emission of more than 200 million tons of CO2 equivalent.
Electric cars have reduced world oil burning five times over the past five years, according to a study released by T&E, which highlights the positive impact on reducing CO2 emissions.
Electric vehicles currently on the road worldwide save approximately 1.2 million barrels of oil per day.
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