EV Boom Could Slash Oil Demand to 99M bpd by 2040: WoodMac
WoodMac report predicts EV growth driven by oil shocks, high fuel prices, and Chinese battery tech could cut global oil demand to 99M bpd by 2040, boosting EV adoption in US and Europe.
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Recently added · Page 1EV Boom Could Slash Oil Demand, Challenge Tesla's US Lead by 2040
Wood Mackenzie's 'electric shock' scenario shows EV adoption could surge globally, led by China (29.9M sales by 2040), pressuring oil demand to 99 mb/d and risking early refinery closures, while US E…