IEA sees oil displacement tripling to 5m bpd by 2030
IEA sees oil displacement tripling to 5m bpd by 2030
EVs account for 25% of new global car sales worldwide
China produces 75% of new output, controls 80% of battery market
Emmanuel Addeh in Abuja
The global shift from conventional vehicles to electric mobility accelerated sharply in 2025, with Electric Vehicle (EV) sales rising 20 per cent to exceed 20 million units for the first time, while the growing fleet of battery-powered vehicles displaced an estimated 1.7 million barrels of oil per day.
IEA: Global Electric Car Sales Topped 20 Million In 2025 | OilPrice.com
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