The International Energy Agency moved up the date when it expects oil demand to peak to before 2030. Electric vehicle growth is a big part of the reason.
Conservative Leader Erin O'Toole holds his first news conference as leader on Parliament Hill in Ottawa in August 2020.
THE CANADIAN PRESS/Sean Kilpatrick
Recent industry reports indicate that we may be approaching peak global demand for oil. If that’s the case, the federal Conservatives may need to rethink their electoral strategy.
Sales of electric vehicles are growing fast, especially in Europe.
Sopotnicki/Shutterstock.com
Shifting to plug-in cars wouldn’t be enough to max out global oil consumption by 2040. But it could help make that happen if cities pitch in and ride-sharing doesn’t crowd out public transportation.