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How EVs are changing the future of oil demand - IEA

How EVs are changing the future of oil demand - IEA

Despite near-term challenges in some markets, the uptake of electric vehicles (EVs) globally remains strong. Last year, about 20% of new cars sold worldwide were electric – and that share is expected to continue to rise. Based on today’s policy settings by governments around the world, EVs’ market share is set to grow nearer to 50% by 2030 and beyond it soon after.

Excerpt:  Link to full IEA report:  https://sg-mktg.com/MTcyOTQ4MzUxNnx2ZGRjV0xoVy1oRDJIaE9CYTczSDUyT1A...

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Permalink Reply by Hale Yayuh on October 22, 2024 at 4:42

Whether a lot of people accept it or not, growth continues to occur. Whether we, as a world, can pull this off long-term remains to be seen. But since so much of the big money embraced electric, it makes one tend to believe 'follow the money' is apropos. For us as a species, and the planet, it seems electric is a good thing but there sure a few gotchas that could derail it all.

I was going to buy an electric from Tesla but Musk is such a nut, I don't want to have anything to do with him. Other makers are available if I choose to go forward some day.

I saw a guy who had a small new truck, a Ford Maverick and I asked him about it. Said it's a hybrid truck and he gets some crazy good mileage... like over 40mpg.

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