electric/hybrid

E-Mobility Europe: EVs to save EU 190 million barrels of oil and 12 billion euros annually by 2030

Analysis released last week (Friday 3rd July) by E-Mobility Europe and Ember has found that 190 million barrels of oil imports can be avoided every year by 2030 if Europe delivers on electric vehicles, generating around 12 billion euros in savings.  
EV charging. Courtesy of Nik/Unsplash.
EV charging. Courtesy of Nik/Unsplash.

Achieving these savings relies on meeting the EU’s targeted deployment rates of electric cars, vans and trucks for 2030: 35 million battery electric vehicles (BEV), 3 million commercial vehicles and 200 thousand electric trucks.

Europe’s oil dependency carries an economic and strategic cost. With road transport representing two thirds of overall EU demand for oil products, the switch from combustion to electric vehicles is the fastest, most efficient and most scalable route to cut this consumption.

In 2025, the battery electric vehicles registered in the EU displaced 57 million barrels of oil, avoiding approximately 4 billion euros of European wealth to be transferred outside the bloc’s borders. This year already, the 1 million newly registered vehicles cut consumption by 4 million barrels of oil.

“Europe must decide: do we continue to relinquish our strategic autonomy to other regions, or will we act with laser focus to capture the full benefits of electric security?” said Chris Heron, Secretary General of E-Mobility Europe. “As a continent, we need to decide who we want to be, get back in the EV driving seat, and deliver long-term resilience.”

The report puts forward that Europe must deliver deeper resilience to fully establish EV energy security and not create new dependencies. It introduced five priorities that must be delivered together to ensure full electric security:

Deploy – put more electric cars, vans and trucks on Europe’s roads

Build – strengthen Europe’s EV industrial base

Power – make electricity the affordable fuel of transport

Flex – turn EVs into energy assets

Protect – secure the digital backbone of mobility

The European Commission’s upcoming Electrification important Action Plan should be a milestone for delivering a more focussed EV resilience strategy, putting Europe back on an irreversible electrification path.

For additional information:

E-Mobility Europe

Ember

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