Tag: OPEC

According to Barclays, electric cars will contribute to a decrease in the daily global demand for oil equal to that of Iran's daily output by 2025.

Though the world's oil producers aren't forecasting EVs to rise to the forefront as much as some automakers and analysts, new estimates show a huge upturn.

Most experts and consumers agree fully that the cost factor of electric vehicles is the main inhibitor of sale and mass adoption. The cost of electrified...