There is limited support in the article for the headline claim. The largest BEV transition is in the very large fleet of Chinese mopeds, from ICE to EV. As a re

There is limited support in the article for the headline claim. The largest BEV transition is in the very large fleet of Chinese mopeds, from ICE to EV. As a result less oil is being used in that segment. It isn't a transition from ICE car to BEV moped as many comments opine. The article links to a Bloomberg document quoted below. EVs of all types are currently displacing 1.5 million barrels per day of oil demand. 67% of this is from two- and three-wheeled vehicles and 16% is from buses. Passenger vehicles represent just 15% of displacement today, but this is set to grow sharply. [0] In chart "Global EV Fleet sizes by segment and market" [1] Electric two- and three-wheelers are 95% in the China market. 0. https://bnef.turtl.co/story/evo-2022/page/7/1 https://bnef.turtl.co/story/evo-2022/page/7/1 1. https://bnef.turtl.co/story/evo-2022/page/3/1 https://bnef.turtl.co/story/evo-2022/page/3/1