Big Oil Isn’t Losing Any Sleep Over The EV Revolution

With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week. To use a cliché, the EV sector has truly been playing chess while everyone else plays checkers, with sales of battery-electric and plug-in hybrid combined more than doubling last year to around 6.6 million vehicles.   EV sales accounted for 8.6% of the global…