Electric vehicles powered by renewable power makes so much more sense on every measure than old school ‘ICE’, that the evolution is unstoppable. Even oil companies are finally starting to publicly acknowledge these facts with projections that 35-47% of new cars will be EV within 23 years–likely a gross underestimation of the adoption pace now unfolding.
Electric cars are coming fast — and that’s not just the opinion of carmakers anymore. Total SA, one of the world’s biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.
The surge in battery powered vehicles will cause demand for oil-based fuels to peak in the 2030s, Total Chief Energy Economist Joel Couse said at Bloomberg New Energy Finance’s conference in New York on Tuesday. EVs will make up 15 percent to 30 percent of new vehicles by 2030, after which fuel “demand will flatten out,” Couse said. “Maybe even decline.” Here is a direct video link.