Now that #ford and #gm aligned with #tesla's charging, people are starting to work out what the numbers might look like. Amazing how something many analysts overlooked could generate billions in revenue.
I do not believe EVs are going to have a huge impact on #oil. The energy needs in the future are going to keep growing and even the IEA expects fossil fuel to skyrocket in demand between now and the 2040s along with renewables.
When I heard the news, it made me bearish on oil long term. Not saying oil can't go up short term but long term doesn't look good.
I do not believe EVs are going to have a huge impact on #oil. The energy needs in the future are going to keep growing and even the IEA expects fossil fuel to skyrocket in demand between now and the 2040s along with renewables.