EVs Moving into the Fast Lane: What's the impact on oil?
Transportation & Mobility/Electrification (EVs/built environment)
Of the world’s 1.4 billion light vehicles on the road, less than 1% today are battery electric vehicles (BEVs). However, as new BEV sales across markets accelerate, and in some markets outpace conventional vehicle sales, do they pose a short- or long-term risk to liquid fuels demand? Is the threat real? How are stakeholders preparing for the future? How much of the petroleum value chain will be affected?