( ) -q-21- UNDATED (Correspondent Jeremy House) “in a bind.’” An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market. [CutID: <Cuts> EVs-OIL-MARKET-house-q-WEDam.mp3 Time: 21s Title: EVs-OIL-MARKET-house-q-WEDam Out-cue: in a bind] TAG: Correspondent Jeremy House reporting. The IEA’s World Energy Outlook 2024, released Wednesday, outlines a future […]
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Electricity-fueled energy market is coming but more clean energy is needed
( ) -q-21- UNDATED (Correspondent Jeremy House) “in a bind.'”
An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market.
[CutID: <Cuts> EVs-OIL-MARKET-house-q-WEDam.mp3
Time: 21s
Title: EVs-OIL-MARKET-house-q-WEDam
Out-cue: in a bind]
TAG: Correspondent Jeremy House reporting. The IEA’s World Energy Outlook 2024, released Wednesday, outlines a future where EV adoption continues to gain momentum, reaching 50% of global car sales in 2030.
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VERBATIM: That’s according to a new report by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions. However, electric vehicles now make up 40% of new sales of cars there, and 20% globally, putting major oil and gas producers “in a bind.”