EV sales are reducing the demand for oil by 1 million BPD per year at current sales levels.
But, but, but… I thought EV sales were crashing ? /s
So basically 1.5 million cars off the road every month , 18 million a year, ignoring total growth of the market. Assuming they last five years (they last far longer) we’re on track to basically remove all the cars of the United States off the road.
We are past the beginning of the s curve and are now at the beginning of the heavy ramp stage,
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EV sales are reducing the demand for oil by 1 million BPD per year at current sales levels.
But, but, but… I thought EV sales were crashing ? /s
So basically 1.5 million cars off the road every month , 18 million a year, ignoring total growth of the market. Assuming they last five years (they last far longer) we’re on track to basically remove all the cars of the United States off the road.
We are past the beginning of the s curve and are now at the beginning of the heavy ramp stage,