for Energy Demand
Although supply-side dynamics have hogged the spotlight recently, world oil demand this year is expected to average over 100 Mbd—a symbolic benchmark that is more than 13 Mbd higher than it was a decade earlier.
A 10 percent share for electric vehicles in the U.S. alone would easily remove more than 1 millions barrels from crude oil demand. Consequently, the changes currently underway in the auto industry should be expected to dramatically impact the oil industry well before 2040.
Ten startups competed for first place in a competition to present the most exciting innovation in connected cars, personal transportation, and safety.
China is passing the baton to India as the global driver of energy demand growth, according to the International Energy Agency.