From Nick Cunningham: The rapid adoption of electric vehicles could cause oil prices to fall to $10 per barrel in less than a decade, according to the CEO of Longview Economics.
EVs are gaining traction, and although they still only make up a small fraction of the auto market, more and more analysts are starting to buy into the notion that EVs will quickly gain a foothold over the next decade or so, with massive ramifications for the oil market.