1. Those statements are attributed to different organizations (Bloomberg New Energy Finance and World Energy Council respectively) but are quoted in the same article... They maybe be inconsistent!
2. If you consider integrated (or global) oil demand, you can image a world in which they are both true: EVs may become cost competitive with gas in markets w/high gas + car prices (eg Norway) but not in markets with lower prices (for both goods) where EV takes longer to cross a 'tipping point', delaying the global oil demand "peak" to a later date. There is no one homogeneous "global market" but a bunch of different local markets w/different cross-over dates. (I suspect the 1st article is talked about market for certain products - but not global.)
3. Oil use will also keep growing even as the % of EVs sold starts to increase - b/c of other uses (e.g. trains/heating etc.) that are linked to growing population/gdp.
1. Those statements are attributed to different organizations (Bloomberg New Energy Finance and World Energy Council respectively) but are quoted in the same article... They maybe be inconsistent!
2. If you consider integrated (or global) oil demand, you can image a world in which they are both true: EVs may become cost competitive with gas in markets w/high gas + car prices (eg Norway) but not in markets with lower prices (for both goods) where EV takes longer to cross a 'tipping point', delaying the global oil demand "peak" to a later date. There is no one homogeneous "global market" but a bunch of different local markets w/different cross-over dates. (I suspect the 1st article is talked about market for certain products - but not global.)
3. Oil use will also keep growing even as the % of EVs sold starts to increase - b/c of other uses (e.g. trains/heating etc.) that are linked to growing population/gdp.