EVs could save 190 million barrels of oil per year in the EU by 2030

190 million barrel finding transforms EV adoption from climate target to measurable European energy security tool A joint analysis by E-Mobility Europe and Ember finds that meeting the EU’s 2030 electric vehicle (EV) deployment targets could avoid imports of 190 million barrels of oil per year and save around €12 billion (US$13.92 billion). These targets call for 35 million battery electric vehicles (BEVs), 3 million commercial vehicles and 200,000 electric trucks to be on European roads by 2030. By 2025, BEVs registered across the EU would have displaced 57 million barrels of oil, avoiding the transfer of nearly €4 billion (US$4.64 billion) of wealth outside the bloc. Already one million newly registered vehicles in 2026 will reduce consumption by another four million barrels. The analysis reveals five priorities for achieving electric vehicle energy security: deploying more electric vehicles, strengthening Europe’s electric vehicle industrial base, turning electricity into affordable transport fuel, transforming electric vehicles into energy assets, and securing the digital backbone of mobility. The report calls for the European Commission’s upcoming Electrification Action Plan to put Europe on an irreversible electrification path. Chris Heron, Secretary General of E-Mobility Europe, said in a statement: “Europe needs to decide: will we continue to cede our strategic autonomy to other regions, or will we be laser-focused on reaping the full benefits of electrical security? As a continent, we must decide who we want to be, get back into the EV driver’s seat and ensure long-term resilience.”

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