BNEF: Fossil fuel car sales have likely peaked leaving EVs in pole position for recovery race
Business Green
MAY 19, 2020
In its latest forecast today, BNEF said fossil fuel car sales likely already peaked in 2017. Now, with the global pandemic leading a hige drop in demand, the report predicts sales for conventional cars are set to drop 23 per cent worldwide in 2020, with major implications for the global oil market. million barrels a day by 2040.
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