OEF Rapid Review Articles
According to BP, electric vehicles are not likely to be a game changer for the growth of oil demand over the next 20 years where the increasing prosperity in emerging Asia is likely to swamp the impact of even a very rapid increase in electric cars. In fact, there may well be more cost effective methods of reducing CO2 emissions over this period, for example greater improvements in vehicle efficiency, a switch away from coal in the power sector, or increased investment in Carbon Capture and Storage. But these considerations should not detract from the many potential benefits that electric vehicles may bring.
LINK TO THE SOURCE ARTICLE:
Electric Vehicles: Not A Game-Changer For Oil Market
LINK TO THE SOURCE ARTICLE:
Electric Vehicles: Not A Game-Changer For Oil Market