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World oil demand still hasn’t peaked. Almost 80% of the growth in demand is coming from China. However, it’s leading the world in the transition to EVs. 35% of new car sales there are now EVs. We know “peak oil” will be soon, will it be 2024?
Has peak oil already occurred in any country? Norway has quite a bit of electric cars already. Are they offering a glimpse of what’s to come? Or Iceland, whose heating is not generally oil based?
