Charts That Illustrate the Impact of Electric Vehicles (EVs) on Battery Supply, the Electric Grid, and Oil Demand

3 Charts That Illustrate the Impact of EVs on Battery Supply, the Electric Grid and Oil Demand

By 2035, there could be 125 million electric cars on the road, up from 2 million last year. The result: a steep upward swing in demand for batteries and electricity, and a similarly strong decline in global oil demand. A new report from Wood Mackenzie details the rise of electric cars around the world.