EVs can save more fuel than North Sea licences, suggests new report
BP(BP) Proactive Investors·2024-01-22 16:23
Wholesale use of electric vehicles (EVs) could reduce the UK’s need for fossil fuels by more than production from the North Sea oil licences recently announced by the government, a new report suggests. A rise in UK EV numbers to 6.3 million by 2030 would be sufficient to offset the need for fuel to be imported to power petrol and diesel vehicles and be a reduction comparable to the new licences, said the Energy and Climate Intelligence Unit (ECIU). Simon Cran-McGreehin, head of analysis at ECIU, said renewa ...