Originally Posted by crockett

https://www.bloomberg.com/opinion/ar...lready-falling


Oil Demand for Cars Is Already Falling
Electric vehicles are displacing hundreds of thousands of barrels a day, exceeding expectations


Oil use for cars peaks in the mid-2020s, but petrochemicals, trucks, planes and ships still keep overall oil demand on a rising trend. Improvements in fuel efficiency in the conventional car fleet avoid three-times more in potential demand than the 3 million barrels per day (mb/d) displaced by 300 million electric cars on the road in 2040.