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Could TaaS Offset EV Impact On Oil Demand Growth?

July 11, 2018

Via: Forbes

While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand.

Kimmeridge Energy has issued a report, Oil Demand and the EV/TaaS Automation Equation: Why the Emergence of a New Segment May Accelerate, not Soften, Oil Demand discussing the effects of EV adoption trends and TaaS penetration rates on the long-term outlook for oil demand. It argues that early data suggests that the growth of TaaS and autonomous vehicles could become a new source of fuel demand growth and vehicle miles traveled (VMT).

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