Conventional Car Phaseout Deal: Implications for Oil Demand

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Mounting efforts to phase out conventional cars were reinforced at COP26 with a wide-ranging pact signed by multiple stakeholders and players. What does this mean for oil demand in auto transport? The COP26 Declaration on Accelerating the Transition to 100% Zero Emission Cars and Vans commits to "rapidly accelerating the transition to zero-emission vehicles" while working toward "all sales of new cars and vans being zero emission." This goal is to achieve this by 2035 in leading markets and by 2040 globally.

Electric Vehicles, Oil Demand, Low-Carbon Policy
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