
- Electric and electrified vehicles are displacing millions of barrels of oil globally every day.
- The outsize share of road fuel use displacement isn't coming from passenger cars just yet, but a different EV segment entirely.
Electric vehicles and plug-in hybrids displaced 2.3 million barrels of oil consumption per day in 2025, according to research from BloombergNEF. That number should more than double by the end of the decade as sales of battery-powered cars continue to climb globally, the company projects.