It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales... Electric cars pose ‘resoundingly negative’ threat to oil companies: analyst Fitch
It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales...