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Europe

China-led EV boom cuts global oil demand by 1.7mn barrels a day

bne IntelliNews · 1h ago · 🇨🇳 China

China-led EV boom cuts global oil demand by 1.7mn barrels a day

Electric vehicles displaced about 1.7mn barrels a day (b/d) of oil consumption worldwide in 2025, up from 0.4mn b/d in 2020, according to the International Energy Agency's Global EV Outlook 2026, published in June.

Read the full story at bne IntelliNews →

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