Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit
Green Car Congress
FEBRUARY 7, 2019
The main driver of the destruction in demand is the proliferation of electric vehicles. Roughly 62 percent global cobalt output is found in the Democratic Republic of Congo. The major driver of structural change in oil demand trends in the next five years and beyond is expected to be electric vehicles,” BofAML said.
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