EV sales growth points to oil demand peaking by 2030- so why is the oil industry doubling down on production?
Electric vehicle sales are growing faster than expected around the world, and sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans.
Why is that, and what happens if the U.S. projections for growing oil demand are wrong?
