Oil Giant Total Sees Electric Cars Seriously Cutting Into Oil Demand Soon

By Steve Hanley At the Bloomberg New Energy Finance conference in New York on April 25, Joel Couse, chief economist for Total, predicted that sales of electric cars will surge from about 1% globally in today’s new car market to up to 30% of the market by 2030. If that happens, he says, demand for petroleum based fuels “will flatten out, maybe even decline.” Total is one of the world’s largest oil producers. His forecast surprised many people at the conference
Oil Giant Total Sees Electric Cars Seriously Cutting Into Oil Demand Soon was originally published on CleanTechnica.
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