Combustion-Vehicle Sales Peaked In 2017, Peak Oil Due In 2027

18 Mar 2023 | Abstracted from Green Car Reports

"Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak...Sales of plug-in hybrids did increase to 10.4 million cars in 2022, but even counting them toward the internal-combustion total wouldn't change things much.

BNEF "predicts that oil demand for transportation will peak in 2027, thanks to shifts in commercial trucks sales toward zero-emission vehicles. Even oil giants like Shell have admitted that the global economy is past peak oil and are investing in renewables."

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