Cumulative global EV sales to pass 4m mark this week, according to Bloomberg New Energy Finance – and the latest million was notched up in just six months.
As an example of what Australia needs to smooth the introduction of electric and hybrid vehicles – it would be hard to go past what $US2 billion can do.
Competition from EVs and electrified transportation will eat into the most profitable portion of the oil business, as part of a trend that will take electricity’s share of global energy consumption past that of oil by 2040, if not sooner.