'A new phase of growth': How surging EV sales are set to erode oil demand by millions of barrels every day

Michael Holder
clock • 6 min read
Credit: iStock
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Credit: iStock

Latest global electric vehicle market assessment by the International Energy Agency (IEA) predicts sales of plug-in models will reach 17 million this year

Surging sales of electric vehicles (EVs) are expected to send yet more records tumbling in 2024, as upfront costs continue to fall, new models reach the market, and public charging infrastructure expands,...

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