Saudi Aramco Wants To Stop Time, Slow Tesla & Electric Vehicle Progress Via More Efficient Engines
July 31st, 2018 | by Matt Pressman
Big Oil isn't ready to cede the automotive market to companies like Tesla. After all, vehicle electrification poses a potential threat to their business. Just how serious is that threat? Wood Mackenzie, one of the world’s most influential oil consultancies, forecasts (via Financial Times) that oil demand will peak within 20 years due to a "tectonic" shift in the transport sector as electric vehicles gain traction
