Europe could avoid 190 million barrels of oil imports every year by 2030 if it delivers on electric vehicle targets, according to new analysis.
E-Mobility Europe and Ember say the switch to electric cars, vans and trucks could save the bloc around €12 billion (£10 billion) a year by cutting demand for imported oil.
The report argues EVs are not just a climate measure but an energy security tool.
Road transport accounts for around two thirds of EU demand for oil products, making electrification one of the fastest ways to reduce exposure to volatile global fossil fuel markets.
The savings depend on Europe meeting its 2030 deployment targets. That means 35 million battery electric cars, three million electric commercial vehicles and 200,000 electric trucks on the road.
The analysis says battery electric vehicles registered in the EU in 2025 already displaced 57 million barrels of oil, avoiding around €4 billion (£3.4 billion) leaving Europe for oil imports.
This year alone, the one million newly registered EVs have cut oil consumption by four million barrels.
Chris Heron, Secretary General of E-Mobility Europe, said: “Europe must decide: do we continue to relinquish our strategic autonomy to other regions, or will we act with laser focus to capture the full benefits of electric security?”
He added: “As a continent, we need to decide who we want to be, get back in the EV driving seat, and deliver long-term resilience.”
The report says Europe must avoid swapping one dependency for another as it electrifies transport.
It sets out five priorities: deploy more electric vehicles, strengthen Europe’s EV industrial base, make electricity an affordable transport fuel, turn EVs into flexible energy assets and protect the digital systems behind mobility.
The groups say the European Commission’s upcoming Electrification Action Plan should put Europe back on a clear path to electric transport.
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