Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Asset Allocation
Data update
Development News
Equity markets
Exploration News
News & Views
The Drill Bit
The Future
Trade & Demand


Saudi heads in the sand on EVs

Posted on - 09 Apr 2019

Category - News & Views

The Chief Technology Officer of Saudi Aramco was quoted as saying that "we are still expecting 90% of vehicles to be driven by ICE by the mid-century". With even conservative forecasters suggesting that EV penetration in new car sales will be higher than 10% by 2025E and that global fleet penetration will really take-off in 2030s and 2040s, we're a bit gobsmacked by these comments. Could Saudi Aramco really be so far behind the curve?

Login to read full article


Batteries EVs HeadInSand LIB Saudi Aramco