Exploding SUV Market Is Another Big Boost For Oil Demand ...Middle East

The global electrification drive has been hailed as the world’s best shot at preventing a catastrophic and irreversible climate meltdown wrought by uncontrolled emissions of carbon dioxide and other greenhouse gasses. Last year, Bloomberg New Finance (BNEF) reported that EVs displaced 1.5 million barrels per day in oil demand in 2021, potentially preventing the emission of nearly 65 million tons of CO2 in a single year. Unfortunately, robust SUV demand negates those gains and makes it real hard for EVs to make a dent on the planet’s…

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Last updated : 09 March 2023 clock 08:05 PM

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Exploding SUV Market Is Another Big Boost For Oil Demand ...Middle East

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