Energy
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
Energy
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Big Oil faces a tiny foe on the streets of Asia and Africa. The noisy, noxious vehicles that run on two and three wheels, carrying billions of people daily, are quietly going electric — in turn knocking down oil demand by one million barrels a day this year.
In Kenya and Rwanda, dozens of start-ups are vying to replace oil-guzzling motorcycle taxis with battery-powered ones. In India, more than half of all new three-wheeled vehicles sold and registered this year were battery-operated. Indonesia and Thailand are also encouraging electrification of motorcycle taxis.
China dominates the market. Its government began promoting electric vehicles decades ago in a bid to clean its smog-choked cities, which explains why a vast majority of the world’s electric two-wheelers are in China.
The shift to electric mobility overall has reduced global oil demand by 1.8 million barrels every day, according to BloombergNEF, a research arm of Michael Bloomberg’s financial data and media company. Two- and three-wheelers account for 60 percent of that reduction, or 1.08 million barrels.
Taken together, cars and smaller electric vehicles are projected to displace only 4 percent of total oil demand this year. Still, their growth is vital to the energy transition because transportation accounts for about 20 percent of global greenhouse gas emissions. Of all the changes the world is making to slow further warming, electric vehicle sales are the only category on track to meet climate goals, according to an exhaustive independent study.
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December 09, 2023 at 05:01PM
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars - The New York Times
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