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By 2030 EVs Will Reduce The Need For More Than 13 Billion Gallons of Gas In America

America used 3.1 billion barrels of autogas last year. Since there are 42 gallons of gas in each barrel, Americans used 135 Billion gallons of autogas in 2021, 369 million gallons per day.

By 2022, the number of registered EVs will reach 2 million. With American drivers averaging around 15,000 miles driven each year, the total miles driven for these 2 million EVs will be over 30 million miles.

If all these EVs were gas-powered cars, they would need 1.2 billion gallons of gas a year, assuming they were each driven 15,000 miles and get an average of 25 miles per gallon.

1.2 Billion gallons is only .88% of the 135 billion gallons of autogas used per year, resulting in EVs having a valuable but limited impact on the total amount of autogas consumed in America.

The impact of EVs on autogas demand will get much more significant throughout the decade. Forecasters estimate there will be 7 million EVs on the road by 2025. Removing the need for 7 million cars to fill up with gas decreases demand by 4.2 billion gallons. That's nearly 3% of all the autogas purchased each year.

The number of EVs on the road is forecasted to triple from 7 million in 2025 to over 22 million by 2030. With 22 million EVs on the road, there will be a reduced demand for 13.2 billion gallons of gas by 2030, equivalent to more than 300 million barrels of autogas.

Twenty-two million EVs on the road is a very significant number of EVs. Yet, less than 10% of the 285 million cars on the road today. Over time, more and more cars are on the road, so electrifying the entire car fleet will take decades. So gas stations will be busy for years to come. Even as EVs grow way more popular.


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