Global oil demand for road transportation totaled 42.7 million barrels per day (mb/d) in 2023, making up around 43 percent of total oil demand that year. Under a Net Zero Emissions by 2050 Scenario, oil demand for road transportation drops by 95 percent in 2050 relative to 2023 levels, to just 2.3 mb/d. Road transportation oil demand falls as electric vehicle ownership grows in advanced economies.
Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario
(in million barrels per day)
The source provides the following information "The Net Zero Emissions by 2050 (NZE) Scenario depicts a narrow but achievable pathway for the global energy sector to reach net zero energy-related CO₂ emissions by 2050 by deploying a wide portfolio of clean energy technologies and without offsets from land-use measures. It recognises that achieving net zero energy sector CO₂ emissions by 2050 depends on fair and effective global co-operation, with advanced economies taking the lead and reaching net zero emissions earlier in the NZE Scenario than emerging market and developing economies. This scenario also achieves universal modern energy access by 2030, consistent with the energy-related targets of the United Nations Sustainable Development Goals. The NZE Scenario is consistent with limiting the global temperature rise to 1.5 °C (with at least a 50% probability) with limited overshoot."
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IEA. (September 10, 2024). Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario (in million barrels per day) [Graph]. In Statista. Retrieved February 08, 2025, from https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed
IEA. "Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario (in million barrels per day)." Chart. September 10, 2024. Statista. Accessed February 08, 2025. https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed
IEA. (2024). Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario (in million barrels per day). Statista. Statista Inc.. Accessed: February 08, 2025. https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed
IEA. "Oil Demand for Road Transportation, Aviation, and Shipping Worldwide in 2023, with Projections to 2050 under The Net Zero Scenario (in Million Barrels per Day)." Statista, Statista Inc., 10 Sep 2024, https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed
IEA, Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario (in million barrels per day) Statista, https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed (last visited February 08, 2025)
Oil demand for road transportation, aviation, and shipping worldwide in 2023, with projections to 2050 under the Net Zero Scenario (in million barrels per day) [Graph], IEA, September 10, 2024. [Online]. Available: https://www.statista.com/statistics/1550841/global-oil-demand-in-the-net-zero-scenario-by-mode/?__sso_cookie_checker=failed