IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs
Green Car Congress
APRIL 23, 2018
Although electric vehicles (EVs) are making headlines, they are not yet a market force to replace the internal combustion engines that power today’s automotive fleets, so oil demand is currently growing strong. percent of the global vehicle fleet; so their influence on the oil market, in the short term, is limited.
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