Section

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

By Economic Times - a month ago
The global shift to electric vehicles, led by China, is set to significantly impact the oil market, potentially reducing oil demand by up to 6 million barrels per day by 2030. The IEA report projects EVs will constitute 50% of global car sales by then, stressing the need for faster emissions reduction to meet climate goals.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.