How EV Adoption Will Impact Oil Consumption

A standard combustion engine passenger vehicle in the U.S. uses about 11 barrels of oil equivalent (BOE) per year. A motorcycle uses 1, a Class 8 truck about 24, and a bus uses more than 258 BOEs per year.

When these vehicles become electrified, the oil their combustion engine counterparts would have used is no longer needed, displacing oil demand with electricity.