Oil Economist Forecasts Major Increase In Plug-in Vehicle Auto Sales

Oil Economist Forecasts Major Increase In Plug-in Vehicle Auto…

An optimistic forecast on global sales of plug-in vehicles has been released by a major oil producer. Joel Couse, chief energy economist at Total SA, forecasts that electric vehicles will make up 15 to 30 percent of new vehicles sold worldwide by 2030. The economist spoke at the Bloomberg New Energy Finance’s conference in New York on Tuesday. Demand for oil-based fuel will reach its peak and then flatten out after that, he said, and “Maybe even decline.” The Total SA forecast is the highest sales volume predicted by a major oil company and is a higher percentage than what’s expected by BNEF. “That’s big,” said Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance. “That’s by far the most aggressive we’ve seen by any of the majors.” The Bloomberg report didn’t specify whether Couse included both battery electric and plug-in hybrid electric ...

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