The unstoppable rise of batteries is leading to a domino effect that puts half of global fossil fuel demand at risk. Battery demand is growing exponentially, driven by a domino effect of adoption that cascades from country to country and from sector to sector. This battery domino effect is set … [continued]
We love covering electric vehicle sales and new electric vehicle models, but something we get to cover much less is how much oil is not being burned due to all of these new electric vehicles. “Global oil demand for road transport is expected to reach roughly 42.3 million barrels a … [continued]
Electric vehicle sales continue to grow faster than most people expected, even faster than professional analysts in the field expected, and — surprise, surprise — they’ve grown much faster than oil companies have forecasted. That’s one of the big takeaways from BloombergNEF’s latest Zero-Emission Vehicles Factbook. In the forecasts used … [continued]
BloombergNEF (BNEF) has a new report out this month, the Zero-Emission Vehicles Factbook. It was especially prepared for the COP28 summit that is currently underway in the UAE. There’s a lot in the 71-page report and I’m sure we’ll cover more highlights, but as I started digging in, I got … [continued]
