Electric Vehicles Won’t Topple Oil…Yet

18 Jul 2017   Electric Cars

While governments around the world are starting to mandate electricity over oil for powering motor vehicles, what are the chances of oil supply being severely impacted in the next quarter century? Electric vehicle demand appears ready to be increasing in key markets like China, Europe, and the U.S., but it is something to keep in perspective with overall global demand. France has committed to banning gasoline and diesel-powered vehicles by 2040. Germany and the European Union are cracking down on automakers for violations of diesel emissions rules and reporting with Daimler most recently pulled into the fray. Cities such as Paris and London are concerned about climate change, and are pursuing policies restricting cars and trucks from causing more heavy traffic and air pollution. China appears to be moving away from its “new energy vehicle” subsidies and would like to adopt the zero-emissions vehicle policy that California Gov. Jerry […]

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