OPEC says electric vehicles boom could see oil demand plateau in 2030s

According to OPEC, oil demand is likely to peak in 2030s if the electric car usage gathers pace.

Key points from annual world oil outlook

It is highly unlikely that electric vehicles will penetrate the passenger car segment with this strength in less than 24 years.

Nevertheless, several countries have publicly stated their intention to achieve an even higher share of electric vehicles in new sales.