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Electric cars will impact oil demand less than vehicle efficiency: BP

Monday, January 16, 2017 - 05:50

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Could growth in electric vehicles dent oil demand growth significantly? Not as much as gains in vehicle efficiency, according to BP chief economist Spencer Dale.

Singapore

COULD growth in electric vehicles dent oil demand growth significantly? Not as much as gains in vehicle efficiency, according to BP chief economist Spencer Dale.

In a post on the company's website, Mr Dale said that the pace of gains in vehicle efficiency will have a

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