"Irreversible decline": How EVs and renewables could soon kill off a huge chunk of oil demand

Michael Holder
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If renewables and EV infrastructure scale up they will 'crush' oil demand, the report asserts
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If renewables and EV infrastructure scale up they will 'crush' oil demand, the report asserts

Renewables and EVs on course to replace 40 per cent of demand for oil in next 25 years, according to new BNP Paribas analysis

Oil companies are engaged in a "race against time" to guard against a huge 40 per cent chunk of their business disappearing over the next 25 years, as declining renewables costs and rising demand for electric...

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