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1. www.weforum.org › agenda › 2023Electric vehicles: an analysis of adoption and the future of ...

   www.weforum.org › agenda › 2023

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   May 15, 2023 · The rapid growth of electric vehicles (EVs) will potentially disrupt the traditional oil market. The data presented indicates a significant decline in oil demand as more countries and consumers embrace EVs.

2. www.reuters.com › business › autos-transportationHow electric vehicles are accelerating the end of the oil age

   www.reuters.com › business › autos-transportation

   Dec 6, 2023 · Transportation is responsible for about 60% of world oil demand, with the United States alone accounting for around 10%, according to the IEA. That share should fall, as the IEA expects EVs will...

3. www.ubs.com › global › enHow do electric vehicles affect global oil demand? - UBS

   www.ubs.com › global › en

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   Although two and three wheelers account for the smallest portion of oil consumption in the transportation sector, rapid electrification in this segment has reduced the global oil demand in 2023 by 1 million barrels a day and the trend is expected to continue.

   • Author: Holger Frey

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5. www.iea.org › outlook-for-electric-mobilityOutlook for electric mobility – Global EV Outlook 2024 ...

   www.iea.org › outlook-for-electric-mobility

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   In the United States, both Ford and GM missed their 2023 targets or abandoned those for 2024, citing profitability concerns, though they are maintaining longer-term targets. Ford missed its targeted manufacturing rate of 600 000 EVs per year in 2023, but now aims to achieve that in 2024.

6. www.spglobal.com › marketintelligence › enBooming EV market will shrink global oil demand by 2030 – IEA

   www.spglobal.com › marketintelligence › en

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   Apr 27, 2023 · Global oil demand is set to decrease by 5 million barrels a day by 2030 as electric vehicles become a mass market, the International Energy Agency projected in its 2023 Global Electric Vehicle Outlook.

7. energynow.com › 2023 › 12How Electric Vehicles are Accelerating the End of the Oil Age

   energynow.com › 2023 › 12

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   Transportation is responsible for about 60% of world oil demand, with the United States alone accounting for around 10%, according to the IEA. That share should fall, as the IEA expects EVs will have erased some 5 million barrels per day of world oil demand by 2030.

8. People also ask

   How has electric mobility impacted global oil demand?

   • The shift to electric mobility overall has reduced global oil demand by 1.8 million barrels every day, according to BloombergNEF, a research arm of Michael Bloomberg’s financial data and media company. Two- and three-wheelers account for 60 percent of that reduction, or 1.08 million barrels.

   Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars

   www.nytimes.com/2023/12/09/business/energy-environment/two-three-wheel-electric-vehicles.html

   See all results for this question

   Will EVs erase world oil demand by 2030?

   • Transportation is responsible for about 60% of world oil demand, with the United States alone accounting for around 10%, according to the IEA. That share should fall, as the IEA expects EVs will have erased some 5 million barrels per day of world oil demand by 2030.

   How electric vehicles are accelerating the end of the oil age

   www.reuters.com/business/autos-transportation/how-electric-vehicles-are-accelerating-end-oil-age-2023-12-06/

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   Will electric vehicles disrupt the traditional oil market?

   • This article is published in collaboration with Oil demand is likely to drop as sales of electric vehicles go up. Image: Juice by Unsplash The rapid growth of electric vehicles (EVs) will potentially disrupt the traditional oil market. The data presented indicates a significant decline in oil demand as more countries and consumers embrace EVs.

   Electric vehicles: an analysis of adoption and the future of oil demand

   www.weforum.org/agenda/2023/05/electric-vehicles-adoption-impact-oil-demand/

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   Will oil prices drop in 2025?

   • The market is expected to continue its strong growth throughout 2023 and beyond, eventually coming to save a predicted 886,700 barrels of oil per day in 2025. While the world shifts from fossil fuels to electricity, BloombergNEF predicts that the decline in oil demand does not necessarily equate to a drop in oil prices.

   Electric vehicles: an analysis of adoption and the future of oil demand

   www.weforum.org/agenda/2023/05/electric-vehicles-adoption-impact-oil-demand/

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   Will EV sales fall by 2030?

   • That share should fall, as the IEA expects EVs will have erased some 5 million barrels per day of world oil demand by 2030. Global EV sales now make up about 13% of all vehicle sales and are likely to rise to between 40%-45% of the market by the end of the decade, according to the IEA.

   How electric vehicles are accelerating the end of the oil age

   www.reuters.com/business/autos-transportation/how-electric-vehicles-are-accelerating-end-oil-age-2023-12-06/

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   Is electrification a game-changer for global oil demand growth?

   • "The game-changer has been the policy support for the shift to electrification quite substantially reducing oil demand from transportation sector, which has been the key driver of global oil demand growth," said Apostolos Petropoulos, an energy modeler at the IEA.

   How electric vehicles are accelerating the end of the oil age

   www.reuters.com/business/autos-transportation/how-electric-vehicles-are-accelerating-end-oil-age-2023-12-06/

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9. www.nytimes.com › 2023/12/09 › businessTiny Electric Vehicles Pack a Bigger Climate Punch Than Cars

   www.nytimes.com › 2023/12/09 › business

   Dec 9, 2023 · The shift to electric mobility overall has reduced global oil demand by 1.8 million barrels every day, according to BloombergNEF, a research arm of Michael Bloomberg’s financial data and...