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The rise of the electric car: how will it impact oil, power and metals?

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Summary

The electrification of transport has long-term implications for oil demand, power & renewables, and the metals sectors. A shift in government policy along with continued declines in battery costs will allow for an increasing penetration of electric vehicles into the light duty vehicle market. By 2035, 1 in 9 cars sold globally will be electrified, bringing the total EV fleet to 125 million. This will displace nearly 2 million b/d of gasoline demand, while increasing power demand by roughly 350 TWh in 2035. What are the upside and downside risks to our view that could change the EV trajectory in the long-term?

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Why buy this report 

Bets are being placed on an electric vehicle future. But what does this mean for global fuel demand? This report offers detailed analysis of the impact electric vehicles will have across the oil, power and metals sectors, equipping you to:

  • Forecast opportunities as electric vehicles grow in popularity
  • Identify the key drivers of demand, including the impact of government policy
  • Understand the impact on commodity markets, particularly oil demand
  • Pinpoint any upside and downside risks  
 

Our analysts are uniquely placed to offer insight on the rise of electric vehicles, leveraging our expert knowledge of commodity markets.

Our report maps trends in the electric vehicle market for the next 20 years. It includes:

  • Our latest forecasts for EVs by region
  • Analysis of the investment, technological and policy drivers influencing demand
  • Modelling for the extreme scenario of a carbon-constrained world

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