Are Electric Vehicles Near a Tipping Point?

Oil consumption continues to rise in the U.S. and around the world, but as electric vehicles keep growing as a percentage of vehicle sales, there will ultimately be a tipping point on multiple fronts. The first will be manufacturers investing in more EVs to ultimately overtake internal combustion engines, which is happening today from Tesla

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Economics of Electric Vehicles Mean Oil’s Days As A Transport Fuel Are Numbered

The future is not looking bright for oil, according to a new report that claims the commodity would have to be priced at $10-$20 a barrel to remain competitive as a transport fuel. The new research, from BNP Paribas, says that the economics of renewable energy make it impossible for oil to compete at current

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Why oil needs to plummet in price if it’s to remain competitive in the mobility sector

Mark Lewis is global head of sustainability research at BNP Paribas Asset Management. The number of electric cars may be increasing, but there are challenges for charging infrastructure and energy storage. Oil prices will need to fall to between $10 and $20 per barrel if it is to remain competitive in the mobility sector, according

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Redefining Geopolitics in the Age of Electric Vehicles

Oil has played a pivotal role in shaping geopolitics for more than a century. But the rise of electric vehicles and shift toward cleaner fuels means that the world’s dependence on oil could begin to shrink, with both expected and unexpected consequences. Most countries are not prepared for the consequences of this transition, according to

Electric vehicles alone could cause peak oil demand within decade

In an aggressive scenario, electrified transportation could displace 8 million barrels of oil per day. When Tesla announced that it had built 7,000 cars in a week, I got excited. Even though electric vehicles (EVs) make up only a small percentage of new car sales in most countries, those sales are growing rapidly. But how

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Electric vehicle sales promise shock for Big Oil

If motor manufacturers are right about the prospects for electric vehicle sales, an oil price crash won’t be far behind. LONDON, 5 July, 2018 – Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says. If the car manufacturers’

Big Oil, Utilities are Lining Up for an Electric Vehicle War

BP and Shell have bought electric-car charging companies Power utilities are boosting sales to homes, chargers on roads A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth.