Eldar Sætre is Statoil’s ceo. Photo: Norsk olje og gass/Creative Commons/Flickr
the electric cars is a serious threat to the oil companies as Statoil chief executive officer Eldar Sætre, writes Dagens Industri. According to him, the beginning of the end come as early as about five years, then demand for oil might begin to decline.
“From then on, we will see a shrinking of the oil industry,” said Eldar Sætre at the conference Oil & Money in London, reports news agency TT.
Transport accounts for over half of the use of oil and electric cars are taking market share as laddinfrastukturen built out and the battery technology is developed. Even if oil prices remain low will electric cars be cheaper to buy after 2020, according to Bloomberg New Energy Finance.
But not everyone is convinced.
“this draws not on the playing field over the next 20 years, regardless of how strong the electric cars go,” said Spencer Dale, the chief economist at BP, according to the site Climate Change News.
“Electric vehicles can have a ‘disruptive’ effect in the medium term, but it is inevitable that there is a delay between the elbilsförsäljningen and the fall in emissions since gasoline and diesel cars sold today will be on the roads over the next 15 years,” says Jonathan Grant of consultancy PwC.
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I think the conversion to electric cars will go faster than most people think.
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