EVs Displace 5 Times More Oil Globally Than They Did 5 Years Ago — Analysis
cleantechnica.com Nov 9, 2026

EVs Displace 5 Times More Oil Globally Than They Did 5 Years Ago — Analysis

AI-summarised brief · reviewed before publication

Five years after COP26, Transport & Environment reports that electric vehicles now displace five times more oil than they did in 2017, cutting global oil use by 1.2 million barrels per day. Battery electric cars, up from 6.6% to 25% of new sales, now account for 4.2% of the global fleet. Electric buses and trucks also contribute, with buses at 5% of the fleet and trucks at 1%. The shift is seen as essential for energy security and emission reductions, with projections of 5.8 million barrels displaced by 2034.

💡 Why It Matters

  • · The rapid rise in EV adoption directly throttles oil demand, reducing the likelihood of future supply shocks.
  • · This trend also accelerates the broader energy transition, offering grid flexibility and significant CO₂ savings.