US EditionPublished • loading... • Updated
EVs Offset Oil Use Equal to 70% of Iran’s 2025 Exports: Report
Rapid EV adoption cuts oil use by 1.7 million barrels daily in 2025, reducing import costs and exposure to volatile global oil markets, Ember reported.
- On Wednesday, London-based Ember reported that global electric vehicle fleets avoided 1.7 million barrels of oil consumption daily in 2025, as EVs begin chipping away at global oil dependence.
- Surging fuel prices driven by Middle East conflict have reignited interest in EVs, with Ember analyst Daan Walter describing oil as the "Achilles heel of the global economy" and noting that electrification insulates nations from future shocks.
- Asian nations lead rapid adoption, with China crossing a major milestone as EVs made up more than 50% of new car sales in 2025; Vietnam hit 38%, while Thailand reached 21%, outpacing Europe at 26%.
- At an oil price of $80 per barrel, China saves more than $28 billion annually in avoided oil imports through its EV fleet; Europe saves $8 billion, while replacing imported oil globally could save roughly $600 billion yearly.
- BloombergNEF projects avoided daily consumption could reach 5.25 million barrels by 2030 as drivers adopt battery-powered vehicles, though growth in global EV sales may slow in 2026 as nations reduce subsidies or shift clean tech policies.
Insights by Ground AI
14 Articles
14 Articles
EVs offset oil use equal to 70% of Iran’s 2025 exports: Report
The global electric vehicle (EV) fleet avoided the consumption of 1.7 million barrels per day of oil in 2025 — nearly matching the 2.4 million barrels per day exported by Iran through the Strait of Hormuz — according to new analysis by global energy think tank Ember.
Research by the Ember think tank shows - Gasoline cars more vulnerable to price increases than electric cars
According to a study by the think tank specialized in Ember energy, electrifying vehicles would reduce global fossil energy imports by one third, saving $600 billion a year.
·France
Read Full Article
Coverage Details
Total News Sources14
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
To view factuality data please Upgrade to Premium
