The world's 280 million electric bikes and mopeds are reducing demand for oil more than electric cars, with their popularity in China and other countries cutting oil demand by about 1% globally. Electric bikes and mopeds are cheaper to buy and run than electric cars, making them a more accessible option for short trips. They are also more energy-efficient, using less energy to transport one or two people. This shift towards electric micromobility could help reduce urban emissions and cut oil demand further.