Oil Moguls Threatened by Increasing EVs
Some of the world’s major oil companies are beginning to realize that electrified cars are a real danger to their biz. Apparently, the Organization of the Petroleum Exporting Countries (OPEC) quintupled its prediction for profits of plug-in electric cars, and Exxon Mobil to BP Plc oil makers also altered their previous assessments. A Bloomberg New Energy Finance (BNEF) research says this shift will decrease demand for oil by around 8 million barrels come 2040. That’s beyond the current yield of Iran and Iraq all together. Numerous analysts also find that the industry is growing at a tremendous rate because nearly every top car maker offers loads of new EVs to consumers.
Read more on Auto News.
Photo credit: Wikimedia.
Speaking of threats like scratches on your vehicles during test drives. If you utter “Que horror!” to that, then The Donkey feels you! That’s why he recommends using a rubber-coated license plate magnet. Because it doesn’t require drilling and can be easily and securely attached and detached on any magnetic surface, you can forget about any would-be damage while staying legal.