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Electric Vehicles Are a Substitute for Oil
The i e a reports that gasolene demand is unlikely to return to 20 19 levels due to efficiency gains and the shift to electric vehicles. We discussed electric vehicles back in episode three forty six. Global e v sales increased 80 % in the first half of 20 21, compared to 20 20. Electric vehicles are expected to make up seven point two percent of global car sails in 20 21. That's up from two point six per cent in 20 19,. ind four point three Per cent in 20 20.