IEA Chief Said Electric Car Won’t Spell End of Oil

Istanbul, The use of the electric car in increasing in the world and this car will not spell the end of the demand for the oil as the head of the International Energy Agency IEA said.
IEA executive director said in an interview that the growth of the electric cars was started from very limited base and oil is still used for the ships, planes and trucks. When we focus on the game changing potential of the electric cars, it has been increased in the previous weeks.

France said that the use of the electric cars will end the sale of petrol and diesel by 2040 and Volvo Cars plans to start the phasing out of the production of the conventional petrol only cars from 2019 with new models of the electric and hybrid cars from that date.
As the sale of the electric car is increased day by day and people also talk about the use of the electric cars and they started taking interest in these electric cars. The inter-governmental organization of Birol seeks the reliable energy supply to the member states and the record in the sales of the electric cars is noted. On the basis of these record sales, the number of the electric cars reached to two million, which is 0.2% of the global car fleet. It will grow but it will not end the oil era as he talked during the World Petroleum Congress, held in Istanbul. The oil demand will be driven by trucks, aviation, jets, ships and the petrochemical industry.
The oil industry has been buffeted by the low price of the crude and pressure for the reduction of the emissions with the Paris Agreement on fighting with the change in the climate.
The interest in the renewable energy has been surged and the questions are raised on the demand for the oil and it will run out before the sources are exhausted.