Electric vehicles managed to reduce world oil demand by 3.3% in 2021

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Although very slow (everything goes very slowly in terms of decarbonization), sale electric vehicles begins to dig the grave of hydrocarbons on the planet. The decline in oil barrel demand has already become noticeable. attributed to the use of vehicles with thermal engines instead of others with direct electric drives. specific number 3.3% of demand in 2021. This was the percentage at which world oil demand contracted last year because of this.

According to Bloomberg NEF data collected over the past year by the forococheselectricos.com portal 1.5 million barrels of oil consumption per day was preventedThis represents the aforementioned 3.3% decrease from the previous year.

For comparison, this figure equates to one-fifth of Russia’s oil exports before the Ukraine war. This is a modest percentage, but it is undoubtedly significant and can only grow from now on.

However, one fact stands out. Contrary to popular belief, the responsible for this decrease in oil consumption is not electric vehicles, but electric vehicles. especially mopeds, motorcycles and tricyclesIt resulted in a 67% drop in demand in this segment in 2021.

How is this possible? Description comes from Asiawhere two-wheeled vehicles are ubiquitous in cities and towns, and a rapid electrical transformation is taking place in this type of mobility.

motorcycle traffic in china agencies

This chart allows us to observe how the demand for oil is decreasing due to electric driven vehicles. Even though cars outnumber buses, it shows the planet how electric buses save millions of barrels (16% vs 16%) of oil compared to cars. But this is because the consumption of a bus is much higher than that of a conventional car.

The situation in 2021 Bloomberg

Bloomberg draws attention to the fact that the reason why the demand for oil in the world has not decreased in recent years is due to the trend of SUV (gasoline), which consumes more fuel than passenger cars.

Another innovation brought by 2021 in this regard is that the effect of electric commercial vehicles in reducing oil demand is felt by 4% for the first time.

Compared to the 1.5 million barrels per day avoided in 2021, Bloomberg NEF in eight years demand will have already decreased by 7 million barrelsThis would be equivalent to the sum of Russian oil exports before the war. And following the same trend, the reduction would reach 16 million by 2035, which would mean the theoretical elimination of oil demand. However, it is hard to imagine that until then there will be no vehicles on the planet powered by hydrocarbons.

The trend these numbers show We hope for the progress experienced by global land mobility, this has already started the path to electrification with no possibility of return. And on the horizon is the hydrogen engine taking its first steps in this panorama of decarbonisation. The question raised once again by experts is whether this oil “disarmament” can happen as quickly as the climate emergency on the planet requires.

Reference article: https://forococheselectricos.com/2022/05/si-los-vehiculos-electricos-retuveron-la-demanda-de-petroleo-en-un-33-en-2021.html

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