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The report claims that electric bikes have the largest contribution in reducing EV emissions

Contrary to unsourced speculation on social media, EV adoption is actually making a major contribution to reducing carbon emissions and oil demand, although so far only modest. However, contrary to what many EV fans believe, electric cars are not the main cause of this decline.

According to BloombergNEF, EVs could collectively consume about 1.5 million barrels of oil per day globally in 2022 – about 3% of total road fuel demand. That means two-thirds share is of electric bikes and mopeds. Electric passenger cars accounted for a little more than a sixth, and commercial EVs made up the rest.

The report claims that electric bikes have the largest contribution in reducing EV emissions

In the United States, bicycles and motorcycles are often considered recreational vehicles, but in other parts of the world bicycles and motorcycles are used for daily transportation and are an important part of the transportation system. According to BloombergNEF, the global market share of two- and three-wheelers in 2022 for EVs was 49%, while the market share for passenger cars was 14%. have seen an increase

Bloomberg tells us there were about 300 million two-wheeler and three-wheeler EVs worldwide in 2022, but that number has certainly increased significantly since then. And according to the International Energy Agency, more than 95% of electric two-wheelers are located in China. These are now growing so rapidly in India that Kush Shalomi is expected to give China a run for its money, but electric bikes are actually cutting emissions a lot.

According to Bloomberg

Australians are actually adopting electric cars as well as electric bikes in droves and the data shows that small electric vehicles are having a huge impact on oil demand.

According to Bloomberg, electric vehicles could replace about 1.5 million barrels of oil per day globally in 2022. Two-thirds of this – about 1 million barrels per day – was accounted for by electric bikes and mopeds alone, known as electric micromobility. Electric cars account for just over a sixth, while vans, trucks and buses also account for the rest.

In 2021, Australia consumed approximately 1 million barrels of oil per day across all sectors of the economy. But the International Energy Agency (IEA) estimates that electric vehicles will replace 5 million barrels of oil per day by 2030.

(IEA) estimates that electric vehicles

A large part of the impact of electric micromobility is due to its scale – there were about 300 million two- and three-wheeler electric vehicles worldwide in 2022, compared to about 26 million electric cars. According to IEA, more than 95% of two-wheelers are located in China.

Australian electric car sales stood at 98,436 by March, double from the previous year and the number of charging stations has also seen an increase of more than 75%. And meanwhile, Australians bought more than 193,000 ebikes last year, according to Cycle Industries Australia.

Australian electric car sales

Ebikes won’t replace a car for many people, but they are often suitable for short trips and the last few kilometers between home and the nearest public transport. Experts have calculated that charging an e-bike to travel 20 km per day would cost only $20 per year. But they can be a bit expensive in themselves.

Sources: BloombergNEFInternational Energy Agency, chargedevs, via The Guardian

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