Published: June 20th, 2024,
Last updated: May 28th, 2025

The steady growth of EVs in recent years is having an impact: From 2027, global fuel demand for road transportation could decline, according to new data from BloombergNEF (BNEF). The think tank predicts that 83 million electric cars, buses and trucks will displace combustion vehicles worldwide by 2025. In addition, there will be 340 million electric scooters, motorcycles, and tricycles. Without these EVs, the demand for fuel in road traffic would continue to increase until 2041, according to the calculations.