Calgary-based energy data firm Enverus said last week its adoption forecast for electric vehicles implies the displacement of 2.7 million barrels per day of liquid fuels in 2030 and 5.2 million b/d in 2035. Enverus’ updated EV outlook outlines the energy impacts of EV adoption. Carson Kearl of Enverus said, “EV market share growth in Europe and China is significantly outperforming expectations. U.S. adoption will be strongly supported as over 20 states have committed to California’s adoption targets.”
Enverus forecasts the global share of EVs as a proportion of total new car and light truck sales will reach 65 percent by 2030 and 85 percent by 2035. The report said, “Combining EV sales already representing over 10 percent of new vehicle purchases worldwide with improving fuel efficiency standards, peak gasoline demand is on the horizon.”
Enverus expects EVs to displace 0.75 million barrels per day of liquid fuels in U.S. by 2030.
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