How much oil is displaced by electricvehicles? Not much, so far
Singapore | Electricvehicles are taking ever-bigger bites out of global oildemand, but they haven't yet caught up with the growing size of thepie
By 2040, electric vehicles could displace muchas 6.4 million barrels a day of oil demand, while fuel efficiency improvementswill erase another 7.5 million barrels a day, according to BloombergNEF's May2018 long-term EV outlook
Morgan Stanley analysts this month predictedthat China's oil demand would peak in 2025 as drivers forgo petroleum-fuelledtransport for battery-powered vehicles and high-speed rail
https://www.copyright link/business/energy/how-much-oil-is-displaced-by-electric-vehicles-not-much-so-far-20190320-p515nf
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