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See the full story · 1 sourcesAIPROPX ReportOilPrice · 2h ago
Oil Shocks Could Accelerate EV Adoption, WoodMac Says
Oil supply disruptions, high fuel prices and faster battery innovation could give electric vehicle adoption a fresh push, with consequences for oil demand, power grids and metals markets, Wood Mackenzie said Thursday. Wars affecting oil-producing Russia and Iran have exposed governments and consumers to higher fuel prices and supply risks, creating another incentive to invest in EV manufacturing and supply chains, WoodMac said in a new report. Technology is moving quickly, too. China is making progress on five-minute charging as well as sodium-ion…