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Electric vehicle impact: A hotly debated subject
Mar 05: The impact of the electric vehicle both in terms of how many of them will be on road 20 years from now and by how much will fuel demand go down is a huge subject of debate
8Differing estimates are going around.
8The big oil majors, and quite obviously they are interested parties, do not think the EV revolution is just around the corner. They think it is still a long time away and highly efficient, low emission combustible engine cars will continue to be preponderant till 2040
8In fact, the bigger threat is efficiency gains in conventional vehicles through use of innovative technology by car manufacturers.
8More demand destruction will take place from efficiency gains than on account of the advent of the electric car
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