A rise in sales of electric vehicles (EVs) along with government initiatives, will displace 2.5 million barrels per day (bpd) of oil demand by 2030, according to the International Energy Agency's (IEA) Global EV Outlook 2018 report. Rising EV sales led to the loss of 0.4 million bpd of diesel and gasoil sales in 2017. Almost three quarters, 12%, of the EVs were two-and-three wheelers, 15% were buses and 73% were light duty vehicles.
A rise in sales of electric vehicles (EVs) along with government initiatives, will displace 2.5 million barrels per day (bpd) of oil demand by 2030, according to the International Energy Agency's (IEA) Global EV Outlook 2018 report. Rising EV sales led to the loss of 0.4 million bpd of diesel and gasoil sales in 2017. Almost three quarters, 73%, of the EVs were two-and-three wheelers, 15% were buses and 12% were light duty vehicles.