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TRENDING NOW | Sister of Escaped Prisoner Danelo Cavalcante Has Been Arrested
and Faces Deportation, Police Say


ELECTRIC BIKES, SCOOTERS AND MOPEDS SAVE MORE OIL THAN ALL OTHER EVS—COMBINED


2- AND 3-WHEELERS ALSO MADE UP NEARLY HALF OF ALL EV SALES IN 2022, ACCORDING TO
A NEW REPORT

Published |Updated
William Gavin
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Two- and three-wheel electric vehicles including mopeds, scooters and
motorcycles, displace more oil than any other category of EV.Spencer Platt/Getty
Images

Electric vehicles displaced nearly 1.5 million barrels of oil per day in 2022,
led by electric bikes, scooters, mopeds and other two- and three-wheelers. 

Two- and three-wheelers represented the majority of avoided oil use, clocking in
at 997,230 barrels per day; for comparison, electric passenger cars only avoided
the use of 264,382 barrels per day and electric buses saved 207,482 each day,
according to a new report from BloombergNEF. Meanwhile, electric vans and trucks
saved just 26,614 barrels per day.

Part of that is due to sales numbers; about 49% of EV sales were two- and
three-wheelers, bringing its total fleet to more than 292.4 million EVs across
the world. Passenger vehicles, which made up just 14% of EV sales, have the
second-largest fleet—26.5 million. Electric buses made up 38% of sales, but have
the smallest fleet at nearly 666,480 vehicles.



But while that is certainly a lot of oil saved, there hasn't been much
improvement since 2021, according to the report. While 1.5 million barrels of
oil per day is a huge leap compared to the 725,900 barrels saved in 2015, it's
roughly the same as what was reported in 2021 and just a slight improvement to
the 1.3 million barrels saved per day in 2020, according to Protocol.

Furthermore, the daily demand for oil per day is expected to reach 105.7 million
barrels by 2028, according to the International Energy Agency. In other words,
the current amount of oil saved per day is about 1% of the total expected daily
demand in less than five years.



Some of that demand could be offset by the expected growth of EV sales; 30% of
the global passenger vehicle market will be comprised of electric vehicles and
more than 100 million passenger EVs will be on the road, up from 14% of the
global market and 27 million passenger vehicles on the road in 2022.

Electric vehicles are also predicted to reach 75% of global passenger vehicle
sales by 2040, but sales will slow in major markets such as China and the U.S.
in the late 2030s, according to the report.

Read More
 * Paris to Remove All Rental E-Scooters From City by Friday 
 * Vietnamese EV Maker VinFast Now Worth More than Ford, Volkswagen
 * Ford, BMW and Honda Form Company to Help EVs Connect Seamlessly With Electric
   Utilities
 * India Is One of the World’s Fastest-Growing EV Markets. This Is Why
 * Want All-Electric Power? Today’s Energy Grid Can’t Support It
 * Commuters Turn to Electric Wheelchairs After Chinese City Bans E-Bikes

Three-wheeled vehicles are the only category of EV currently labeled "on-track"
to hit the net-zero scenario by 2050, a model created by the IEA for major
countries achieve net-zero carbon emissions and reduce the effects of climate
change, according to the report. Two-wheelers and municipal buses are almost on
track, and require a small amount of police intervention, while light commercial
vehicles and passengers vehicles require moderate government intervention.

Medium and heavy commercial vehicles, namely trucks, on the other hand, are not
at all on track to hit net-zero carbon emissions by 2050.

Read next‘Drew Barrymore Show’ Audience Member Says He Was ‘Verbally Assaulted’
Over WGA Pin

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