Saudi heads in the sand on EVs
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?
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Batteries
EVs
HeadInSand
LIB
Saudi Aramco
