Big energy hugely underestimates electric cars, renewable power

Mass adoption of electric cars and renewable energy could significantly decrease global consumption of fossil fuels. But does the established energy industry view these new developments as a threat? In a recent report, ExxonMobil said coal could continue to provide the majority of the world’s electricity-generation capacity in 2040, and that electric cars would only make up around 10 percent of the U.S. new-car market by that time. DON’T MISS: Which oil companies invest in

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Big energy hugely underestimates electric cars, renewable power

Mass adoption of electric cars and renewable energy could significantly decrease global consumption of fossil fuels. But does the established energy industry view these new developments as a threat? In a recent report, ExxonMobil said coal could continue to provide the majority of the world’s electricity-generation capacity in 2040, and that electric cars would only make up around 10 percent of the U.S. new-car market by that time. DON’T MISS: Which oil companies invest in

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