EV Sales Are Taking Off. Why Is Oil Demand Still Climbing?

6 months ago 40

Current models show oil demand staying steady for decades. Without new policies, consumption could remain strong.

This year is likely to bring two seemingly incongruous milestones. Sales of electric vehicles will hit an all-time high, and so will global oil consumption. It is as if the transition away from fossil fuels is moving faster than ever while barely gaining ground.

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