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Saturday, 7 October 2017

Electric cars to eliminate 3.5mb/d oil demand by 2025

Electric cars to eliminate 3.5mb/d oil demand by 2025

…9mb/d by 2040 OpeOluwani Akintayo 07 October 2017, Sweetcrude, Lagos — Electric cars could wipe out 3.5 million barrels per day of crude oil demand by 2025. According to UK’s Barclays commodities analysts in a research note on Saturday, the adoption of electric vehicles and improved fuel efficiency could take out 3.5mb/d, roughly equal to …

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