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Briefing: EVs wiped out oil demand equal to 70% of Iran’s exports in 2025
Strategic angle: EVs are starting to chip away at one of the global economy’s biggest vulnerabilities: oil.
editorial-staff
1 min read
Updated 24 days ago
The rise of electric vehicles (EVs) is poised to alter the dynamics of global oil consumption, with projections indicating a reduction equivalent to 70% of Iran's oil exports by 2025.
This shift underscores the growing influence of EVs on traditional energy markets, particularly in regions heavily reliant on oil exports.
The implications for infrastructure and supply chains are substantial, as energy operators must adapt to changing demand patterns and potential volatility in oil markets.