By Institute for Energy Research —— Bio and Archives--January 27, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
The Energy Information Administration’s (EIA) International Energy Outlook 2017 evaluated the uncertainty associated with the long-term effects that electric vehicles may have on energy markets using three scenarios of electric vehicle penetration. The cases ranged from electric vehicles accounting for 8 percent of the world’s light duty vehicle stock in the low-penetration case, to 14 percent in the reference case to 26 percent in the high-penetration case in 2040. In the reference case, EIA forecasts liquids consumption in 2040 to be 112.9 million barrels per day—almost 20 percent higher than in 2015. The reduction in liquids consumption in 2040 is 1.38 million barrels per day in the high-penetration case (1.2 percent of reference case levels) and the increase in liquids consumption in the low-penetration case is 1.0 million barrels per day or just 0.9 percent of total liquids consumption in the reference case.
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