IEA revises oil forecast in light of electric vehicle plans

Plans by China and India to rapidly expand the number of electric vehicles on their roads have forced the International Energy Agency to revise its oil demand forecast.
By Staff reporter 18 May 2017 0 25971

Plans by China and India to rapidly expand the number of electric vehicles on their roads over the coming decades have forced the International Energy Agency (IEA) to revise its long-term oil demand forecast.

China is aiming for one-fifth of all new cars to be using alternative fuels by 2025, while India is looking to electrify all new vehicles by 2032. The IEA said it would adjust its projections for crude oil demand in light of these figures for its World Energy Outlook 2017.

China and India...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now