EVs Compete? An understatement

With the costs of batteries decreasing substantially, we’re almost reaching a point where “electric vehicles become competitive with internal combustion engines.” What does this mean for oil demand? It could plummet as EVs could be as cheap as gasoline cars by 2025 according to Bloomberg New Energy Finance. See https://www.forbes.com/sites/michaellynch/2017/07/17/electric-vehicles-imminent-breakout-or-breakdown/#2d027d8a3a8b for more details.

By Jamon Fields