Heart of the concern
But beyond stranded assets and carbon
pricing, the heart of the concern for the largest
oil groups over the medium to long term is the
demand threat presented by the electrifcation of
one billion light vehicles.
The seeming permanence of oil for powering mobility has
been the lack of competitive alternatives to the
internal combustion engine.
Yet as battery technology (slowly) improves, range (slowly)
increases and unit prices become more
afordable, envisaging a future in which the car
pool becomes completely electrifed appears
increasingly believable.
EU Forecast
euf:b18:166/nws-01