Electric bikes and mopeds are slashing oil demand four times more than electric cars due to their popularity in China and other nations. There were over 280 million electric mopeds, scooters, motorcycles, and three-wheelers on the road last year, cutting daily oil demand by a million barrels. Electric micromobility, such as e-bikes and scooters, can significantly reduce urban emissions and contribute to cutting global oil demand faster than electric cars.