Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide
Green Car Congress
MAY 22, 2019
Disruptive innovation is typically a Silicon Valley buzzword and not one commonly associated with discussions of gasoline markets. If a million low-speed electric vehicles displaced a million gasoline-powered midsize sedans from the market, about 15,000 barrels per day of gasoline demand could effectively be lost, Collins said.
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