Oil is drying up as EVs become even more popular

Environmental warriors rejoice – the electric vehicle revolution is working.

While there are still plenty of critics, and many challenges to the widespread adoption of electric vehicles as a replacement for internal-combustion-engine cars, a new report suggests EV adoption could cut demand for oil by up to five million barrels per day by the end of the decade.

The International Energy Agency (IEA), an intergovernmental organisation that includes Australia as a…

Continue reading this news update.

Comments are closed