"Implications for energy & emissions"

1.) Huge Impact on Oil

EV of all types are already displacing well over 1 million barrels of oil demand per day.Oil demand has already peaked in all segments of road transport except commercial trucks.Oil demand from road transport overall peaks in 2027 in our Economic Transition Scenario & then declines steadily from there.In our Net Zero Scenario,oil use in road transport is fully eliminated by 2050.

Oil demand displaced by electric & fuel cell vehicles in 2050-Economic Transition Scenario

21 Millions Barrels per day.

2.) Electricity Demand

All those EV add electricity demand,but not as much as you might think.In our Economic Transition Scenario,EV of all types of add 5,000Twh of electricity demand by 2050.In the Net Zero Scenario,demand reached 8,500Twh globally by 2050.Almost fully electrifying all of road transport add just 25% to global electricity demand in 2050. In many advanced economics, EV prevent overall electricity demand from falling.

Increased Electricity demand From EV in 2050

5,500Twh

3.) Reaching net zero by 2050

Road transport is one of the largest contributors to global CO2 emissions.Despite the expected rapid rise in EV sales,most country are still not on track to bring road transport emissions to zero by mid century.

Our new Net Zero Scenario looks at what is needed to reach 'net-zero' emissions in road transport by 2050.In this scenario,100% of the world's road--fleet runs on electricity on hydrogen by that year.As soon as 2030,nearly 60% of new car sales must be zero emissions.

Share of zero-emission vehicle sales by segment: Economic Transition Scenario and Net Zero Scenarios

""Municipal buses,two- wheelers & three wheelers are almost on track to get to

zero emissions by 2050,passenger cars & LCV are on a positive trajectory.

>But urgent action is needed on heavy vehicles in all countries.<

The last IC vehicles need to roll-off the line around 2035, & even that will require some early retirements of older vehicles in the 2040"".

as see in graph