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Policy support for "zero tailpipe emissions" from light-duty vehicles is building in Europe. In several countries – including France, the UK, Germany, the Netherlands and Norway – legislators and governments have announced their intentions to end the sale of conventional gasoline and diesel cars by 2040 at the latest. If such policies were to gain momentum across Europe, then – in today's terms – annual passenger car sales of 17 million and roughly 3.6 million b/d of road fuel demand from conventional cars could be at stake. This report provides an overview of those proposals, including the ambiguities behind many of the proposals. Furthermore, we present our base case for EV adoption in Europe, as sales of Internal Combustion Engine (ICE) cars are increasingly displaced by Battery Electric Vehicles (BEVs) over the next two decades. The associated impacts on gasoline and diesel demand are assessed alongside the impacts on European power markets.
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End of the ICE age? Europe's shift from oil to electric powered vehicles PDF - 319.74 KB 8 Pages, 1 Tables, 6 Figures
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This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.
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Insight | Aug 2017
End of the ICE age? Europe's shift from oil to electric powered vehicles
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