Monday, May 25, 2026

Mint Explainer | How EVs are starting to reshape global oil demand

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In 2025, EVs accounted for around 0.2% of India’s total electricity demand, compared with 0.9% globally, 1.7% in the European Union and 1.6% in China, according to the IEA. India’s peak electricity demand stood at around 270GW in 2025, according to power ministry figures cited by the agency.

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