Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit
Green Car Congress
FEBRUARY 7, 2019
By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead.
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