RE:Modelling, Not ProjectionsMaximum 20% EV penetration by 2050.
No way big industry will invest in machinery and equipment that has batteries. In 75 years maybe.
By 2050 -- 10+ Billion people on earth.
100 dollar oil coming and more.
It will be interesting in December 2023 to see the O&G capex budgets at ZERO.
CAREFUL WHAT YOU WISH FOR!!!