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Oil Shocks Could Accelerate EV Adoption, WoodMac Says

Oil supply disruptions, high fuel prices and faster battery innovation could give electric vehicle adoption a fresh push, with consequences for oil demand, power grids and metals markets, Wood…

  • Oil supply disruptions and high fuel prices could accelerate EV adoption
  • China advancing in EV technology with five-minute charging and alternative batteries
  • Global oil consumption projected to drop to 99 million barrels per day by 2040

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