Electric buses are avoiding hundreds of thousands of barrels of oil per day

Enlarge / Electric buses are avoiding the need for a lot of barrels of oil. (credit: Getty Images)
The global fleet of electric buses is already helping cities avoiding the purchase of 279,000 barrels of oil per day, according to Bloomberg New Energy Finance (BNEF). Diesel buses consume an extraordinary amount of fuel compared to a passenger vehicle. Bloomberg noted that “For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market.”
Still, global oil consumption is going up, though maybe not as fast as it might have without electric buses. According to the US Energy Information Administration (EIA), total global oil consumption increased from 96.87 million barrels per day in 2016 to 98.52 million barrels per day in 2017. The EIA projects that the world will consume 100.31 million barrels per day in 2018.
There’s still reason for optimism though, especially given the aggressive push for electric vehicles in some Chinese cities like Shenzhen. The country accounts for 99 percent of the electric buses in the world (though in the country itself, only 17 percent of that fleet is electric). In addition, Bloomberg reports that “every five weeks, Chinese cities add 9,500 of the zero-emissions transporters—the equivalent of London’s entire working fleet.” Those statistics seem to confirm an earlier report from the International Energy Agency (IEA), which noted that in 2016, China had an extraordinary 200 million electric two-wheelers, 3 million to 4 million low-speed electric vehicles, and more than 300,000 electric buses.
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Source: Car news one

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