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EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production? - Vimarsana News

EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

Tesla brought EVs into the mainstream. Patrick Pleul/picture alliance via Getty ImagesElectric vehicle sales are growing faster than expected around the world, and sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans. Why is that, and what happens if the U.S. projections for growing oil demand are wrong? I study sustainability and global energy system transform

Source: yahoo.com
Robert Brecha: Why is the oil industry doubling down on production? - Vimarsana News

Robert Brecha: Why is the oil industry doubling down on production?

Extractive industries have known about climate change for decades. But rather than transform themselves, most have doubled down on oil, coal and natural gas.

When will global demand for oil peak? - Vimarsana News

When will global demand for oil peak?

Robert Brecha says EV sales growth points to oil demand peaking by 2030, so why is the oil industry doubling down on production?

Electric Vehicle Demand surge through 2030, So Why is the Oil Industry Doubling down on Production? - Vimarsana News

Electric Vehicle Demand surge through 2030, So Why is the Oil Industry Doubling down on Production?

By Robert Brecha, University of Dayton | - Electric vehicle sales are growing faster than expected around the world, and, …

EV Sales Growth Points To Oil Demand Peaking By 2030 − So Why Is Oil Industry Increasing Production? - Vimarsana News

EV Sales Growth Points To Oil Demand Peaking By 2030 − So Why Is Oil Industry Increasing Production?

Even though demand for petroleum products in other sectors, like aviation and petrochemicals, is still increasing, the IEA expects a decline in road transportation's 50% share of oil consumption to