Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit
Green Car Congress
FEBRUARY 7, 2019
An executive from Ford said recently that automakers might feel compelled to invest directly in cobalt production over fears of securing adequate supply. “I Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned.
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