The boom in electric vehicles worldwide has had a measurable impact on reducing oil consumption. According to BloombergNEF, the daily “savings” in 2025 amounted to 2.3 million barrels. If sales of electric vehicles and other types of electric transport remain stable, by the end of the decade, the volume of oil unused in transportation will double.
This was reported by Novyny.LIVE media.
The global electric vehicle market is somewhat uneven. For example, development has somewhat slowed in the United States. However, demand remains consistently high in Europe, China, and India. According to Benchmark Mineral Intelligence, around 20.7 million electric vehicles were purchased globally during 2025. This figure is 20% higher than in the previous year.
“Classic” electric vehicles are far from being the leaders
The electric transport market includes not only electric cars. In fact, two- and three-wheeled vehicles have the most significant impact on reducing oil consumption, resulting in savings of 1.1 million barrels per day. Passenger cars, in turn, are responsible for a reduction of 741 thousand barrels.
BloombergNEF forecasts that by 2030, electric transport will help reduce global oil demand by 5.3 million barrels per day.
The Ember think tank has expressed more restrained optimism, estimating the reduction in demand in 2025 at 1.7 million barrels per day. This corresponds to 70% of the oil exports that “passed” through the Strait of Hormuz during the previous year.
EcoPolitic earlier reported that against the backdrop of war in Iran and a crisis in fossil fuel supplies, in Europe, only in March, sales of electric vehicles increased 1.5 times due to rising fuel prices.
At the same time, in Ukraine, due to the reinstatement of VAT payments during customs clearance, electric vehicle imports dropped sharply. Instead, record-high performance is being demonstrated by the domestic market for reselling used cars.
