Dawn of a new transportation age (how did this idea from 2017 pan out?)

- Oct. 5, 2017

"A Barclays’ analysis concluded that oil demand could be slashed by 3.5 million barrels per day worldwide in 2025. If electric vehicle penetration reaches 33 percent, oil demand could shrink by a whopping 9 million barrels per day by 2040, Barclays concluded. Bloomberg’s New Energy Finance puts the number at 8 million barrels by 2040, more than the “current combined production of Iran and Iraq,” they note."

From PRN

In business for over 100 years, the automotive industry is about to embark on a radical, convulsive transformation. The Washington Post (http://nnw.fm/0P4Do) recently pegged 2017 as the year electric vehicles (EVs) went from a promising fad to an industry-wide inevitability due to broader economic and cultural developments.

Cont.

Now in 2022 the oil demand is? And the adoption rate for EV cars and trucks is? And the Electric Motorcycle(which would reduce both demand for oil and electricity) has adoption rates even lower yet.