Electric car uptake could save £10bn a year and avoid foreign imports of 190 million oil barrels

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Electric car uptake could save £10bn a year and avoid foreign imports of 190 million oil barrels.

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Europe could see almost 40 million electric vehicles on the road by the end of the decade, as a new report highlights how the EU could save 190 million barrels of oil annually.Fresh analysis suggests that Europe can avoid importing 190 million barrels of oil every year by 2030 if the electric vehicle transition keeps pace.This could generate annual savings of around €12billion (£10.3billion), alongside a massive expansion in the number of electric cars on roads across the continent.E-Mobility Europe and Ember estimate that these savings could be possible from the deployment of 35 million electric cars, three million commercial vehicles and 200,000 electric trucks.

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TRENDING Stories Videos Your Say These vehicles are expected to be registered, provided the legislation on CO2 standards remains unchanged, although the EU has taken action recently to amend its petrol and diesel car ban plans.Last December, the bloc confirmed that it would remove the 2035 deadline to ban the sale of new...

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