Akshat Rathi

Electric vehicles are already cutting 2.3 million barrels of oil demand per day. That's about to double under a business-as-usual scenario this decade. It could go faster if EV sales rise, which there are indications they will at this oil price.

🎁🔗 https://www.bloomberg.com/news/articles/2026-03-18/electric-vehicles-avoided-use-of-2-3-million-barrels-of-oil-daily-in-2025?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3MzgyOTIwNywiZXhwIjoxNzc0NDM0MDA3LCJhcnRpY2xlSWQiOiJUQzJJUFFLR0NUSEgwMCIsImJjb25uZWN0SWQiOiIwQzg4NkY0NTI0NzY0RUE0OEY2QTk4RTk1NDc5RTI2NSJ9.8MBMTiCrVmNRXzTXAhqhk5Atz-VrJc01wtzUTfcVDf8

Mar 18 at 10:22amWeb
Show threadGeorg Kury5d ago

@akshatrathi

The EV sales will rise faster than estimated now.

54% of new chinese trucks in December 2025 were electric or plugin-hybrid electric.

https://www.electrive.com/2026/01/23/year-end-surge-electric-trucks-outsell-diesel-for-the-first-time-in-china/

Year-end surge: electric trucks outsell diesel for the first time in China - electrive.com

In December 2025, 45,300 fully and partially electrified heavy-duty trucks were newly registered in China—accounting for 54 percent of total heavy-duty truck

electrive.com
Show threadGerard Klijs 5d ago
@akshatrathi I'm not convinced that is the case. They still need energy. It would be much better to design cities so we don't need cars at all.