I find this both amazing yet also not surprising. I wonder though, and the same applies to energy utility companies, is this just bluster, or are they really that complacent? You have to think that this is just the public opinion and bravado, trying to put a brave face on whilst contemplating all those stranded assets and how to get rid quickly. In reality they must know and see what is coming, right?
The survey found that OPEC members “believe that fewer than 1 in 16 vehicles will be powered by anything other than gas or diesel in 2040,” apparently. For that to actually be the case, it should be realized, there would have to be only very, very limited growth in electric vehicle (EV) sales over the next quarter century or so — Tesla alone could probably invalidate that supposition, but when the efforts of companies like Apple, Google, GM, Nissan, BMW, Volkswagen, etc., are factored in, it seems downright ridiculous.