Past its peak? Battered oil demand faces threat from electric vehicles
Share:
LONDON (Reuters) - Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future.With economies reeling from lockdowns to curb the virus, the sharpest plunge in oil prices in two decades has slashed the cost of filling up a tank of gas, eroding some of the incentive to make the switch to cleaner fuels.Looking ahead, cuts in capital spending forced upon energy..