'Endgame for the largest sector of oil demand': How rampant EV sales growth is shredding oil demand forecasts

Cecilia Keating
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

Research published in the lead up to New York Climate Week underscores how astonishing gains in the EV market are starting to feed through into oil demand projections

How quickly could the electric vehicle (EV) revolution reach critical mass? Well, if the flurry of fresh research on the topic published this morning proves to be correct, then the shift may already be...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

ZEV Mandate: Plug-in hybrid flexibilities could cost British drivers £13.8bn, study claims

ZEV Mandate: Plug-in hybrid flexibilities could cost British drivers £13.8bn, study claims

ECIU suggests encouraging plug-in hybrid sales could cost British drivers £1,000 a year, prompting fears of 'Dieselgate 2' scandal

Stuart Stone
clock 16 June 2026 • 6 min read
ZEV Mandate: Anger at government plans to water down EV rules

ZEV Mandate: Anger at government plans to water down EV rules

Reports suggest Number 10 is planning to cut electric vehicle sales quotas for 2030 from 80 per cent to 50 per cent of the new car market

James Murray
clock 15 June 2026 • 7 min read
Mazda revs up plans for on-car carbon capture system

Mazda revs up plans for on-car carbon capture system

Auto giant said positive results from trialling technology in race cars suggests it could be used in consumer vehicles to reduce CO2 emissions

clock 10 June 2026 • 2 min read