Site traffic information and cookies

We use cookies to collect and analyse information on our site's performance and to enable the site to function. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks. You can choose to allow all cookies by clicking ‘Allow all’ or manage them individually by clicking ‘Manage cookie preferences,’ where you will also find more information.

Manage cookie preferences

  1. Home
  2. Energy economics
  3. Energy Outlook
  4. Energy demand
  5. Transport

Transport

Published:
10 July 2024

Oil is increasingly replaced by electricity as the main energy source for road transport

Demand for road transportation grows as prosperity and living standards in emerging markets improve, with the use of oil in road transport increasingly displaced by electricity.

Aviation and marine transportation are increasingly decarbonized by a combination of hydrogen-derived fuels and biofuels

Aviation and marine transportation both increase over the outlook as global economic activity rises, with the use of oil-based products increasingly displaced by lower carbon alternatives.

Related content

Decarbonizing transport

We’re working across a number of our businesses to provide customers with different energy sources that can help decarbonize transport – whether that’s in the air, on the road or at sea

EV charging

Since 2019, we’ve increased our charge points by 150% worldwide and we are continuing to grow our network in Germany, China, the UK, Europe, the US, Australia and more

Newsletter sign-up

Sign up for regular news from the energy economics team