“Their sheer popularity is already cutting demand for oil by a million barrels of oil a day – about 1% of the world’s total oil demand.”
There were 20 million electric cars on the road last year and over 280 million electric two- and three-wheelers. The small ones displace four times as much oil. In Perth, 2.8 million of 4.2 million daily car trips are under 2km. The fix for short car trips already exists, and it has two wheels.