calculated that the demand for oil would fall by 2 million barrels a day, or the “equivalent to what triggered the 2014 oil crisis,” at some point between the years 2023 and 2028 as a direct result of electric vehicles.
Thoughts on What’s Next For Renewables Post This 2016 US Election
Sara Roccisano
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At some point we will reach Peak Oil (predicted by geologist Hubbert’s Peak Oil Theory), where we will need the reliance of some form of EV before losing the supply we’ve been relying on for so many years. The Saudi’s and Russians have been manipulating the markets and we have no real idea of how much oil is truly in the East.

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