Rise of Electric Auto Is Posing Threat to Oil Market: OPEC

Jul 19, 2017With the rise of electric cars suppressing the need of such conventional vehicle fuels as gasoline, Organization of the Petroleum Exporting Countries (OPEC) is now facing enormous pressure, as implied by its forecast that 266 million electric vehicles would roam on the roads to account for 12% of total automobiles worldwide by 2025. According to the well-known finance website, Bloomberg New En... Full Story

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