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

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Published Sun, Jan 15, 2017 · 09:50 PM
    Global oil demand 2015

    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 greater impact in curbing oil demand growth than an increase in electric vehicles.

    BPElectric vehiclesoil

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