Letzte Aktualisierung: September 15, 2021
The Globalization of the EV Revolution
By Fuad Hasanov, Reda Cherif and Min Zhu
Four years ago, we argued that the rise of electric vehicles (EVs) would upend both the auto industry and the oil market. As with the rapid displacement of horses by automobiles in the United States a century ago, the exponential rise of EVs would lead to their dominance of the global auto market in the early 2040s. Oil would become the new coal and its price would drop to $15 per barrel. The economic and geopolitical consequences would be profound.