...more than half of oil demand would evaporate if all vehicles convert to EVs.
...as more vehicles turned EVs, won't the reduced demand make oil cheaper which helps ICE vehicles to stay relevant for longer? Hence, the importance of Govt mandate, without which full transformation could take decades.
The products derived from a barrel of crude oil:
https://x.com/Josh_Young_1/status/1794756642665541781
...more than half of oil demand would evaporate if all vehicles...
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