The EV Revolution Is Threatening Long-Term Oil Demand Growth ...Middle East

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The EV Revolution Is Threatening Long-Term Oil Demand Growth
source : OILPRICE ( Middle East ) () 15
The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported, citing these markets’ dependency on imports that could be relieved by a switch to electric vehicles. “Emerging market oil importers spend 2% of GDP on oil imports, have a high and rising dependency on imported oil, and suffer premature deaths of 285,000 people a year from pollution linked to transport,” the authors of the report wrote. They also argued emerging economies were having…

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