About 279,000 barrels a day of fuel won’t be needed this year mostly due to the fact that China adds a London-sized electric bus fleet every five weeks.
"Buses with battery-powered motors are a serious matter with the potential to revolutionize city transport—and add to the forces reshaping the energy industry. With China leading the way, making the traditional smog-belching diesel behemoth run on electricity is starting to eat away at fossil fuel demand."
"The numbers are staggering. China had about 99 percent of the 385,000 electric buses on the roads worldwide in 2017, accounting for 17 percent of the country’s entire fleet. Every five weeks, Chinese cities add 9,500 of the zero-emissions transporters—the equivalent of London’s entire working fleet, according Bloomberg New Energy Finance."
All this is starting to make an observable reduction in fuel demand. And because buses consume 30 times more fuel than average sized cars, the electric buses' impact on energy use so far has become much greater than that of the EV passenger sedans sold so far.
“China is ahead on electrifying its fleet because it has the world’s worst pollution problem. With a growing urban population and galloping energy demand, the nation’s legendary smogs were responsible for 1.6 million extra deaths in 2015, according to non-profit Berkeley Earth.”
See also: 100% percent electric buses to be in Chinese city by end 2017. Using Renewables, November 22, 2017.
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