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Oil demand could peak in the 2030s if the electric car boom
proceeds as promised by the world’s green energy innovators,
according to OPEC. The annual release of the bloc’s World Oil
Outlook points out that if just a quarter of the world’s cars run
fully on batteries, demand would plateau at 109 million barrels per
day between 2035 and 2040. “It is highly unlikely that electric
vehicles will penetrate the passenger car segment with this
strength in less than 24 years,” according to the report published
on Tuesday.…
proceeds as promised by the world’s green energy innovators,
according to OPEC. The annual release of the bloc’s World Oil
Outlook points out that if just a quarter of the world’s cars run
fully on batteries, demand would plateau at 109 million barrels per
day between 2035 and 2040. “It is highly unlikely that electric
vehicles will penetrate the passenger car segment with this
strength in less than 24 years,” according to the report published
on Tuesday.…
Oil demand could peak in the 2030s if the electric car boom
proceeds as promised by the world’s green energy innovators,
according to OPEC. The annual release of the bloc’s World Oil
Outlook points out that if just a quarter of the world’s cars run
fully on batteries, demand would plateau at 109 million barrels per
day between 2035 and 2040. “It is highly unlikely that electric
vehicles will penetrate the passenger car segment with this
strength in less than 24 years,” according to the report published
on Tuesday.…
proceeds as promised by the world’s green energy innovators,
according to OPEC. The annual release of the bloc’s World Oil
Outlook points out that if just a quarter of the world’s cars run
fully on batteries, demand would plateau at 109 million barrels per
day between 2035 and 2040. “It is highly unlikely that electric
vehicles will penetrate the passenger car segment with this
strength in less than 24 years,” according to the report published
on Tuesday.…