EVs wiped out oil demand equal to 70% of Iran’s exports in 2025

EVs wiped out oil demand equal to 70% of Iran’s exports in 2025

EVs cut 1.7 million barrels of oil per day in 2025, saving billions and reshaping global energy security, Ember finds.

EVs are starting to chip away at one of the global economys biggest vulnerabilities: oil. A new analysis from energy think tank Ember finds that the global EV fleet avoided 1.7 million barrels per d… [+3559 chars]
EVs wiped out oil demand equal to 70% of Iran’s exports in 2025 - FHMnews