Also - EVs just started to be somewhat available to the average consumer only 3-4 years ago. Given projected growth rates of adoption and the average lifespan

Also - EVs just started to be somewhat available to the average consumer only 3-4 years ago. Given projected growth rates of adoption and the average lifespan of ICE vehicles - this number is going to be quite impressive in 10 years - like the entire oil output of a big OPEC country [1]. i.e. ~10% of all cars on the road in the US will be EVs, and another ~8% will be PHEVs. Combined with rates in China & the EU - the difference is going to literally change the entire geopolitics of the planet. You're looking at ~10M barrels of oil per day - that's ~35% of OPEC... By 20 years - you're looking at 100% of OPEC... [1] https://www.eei.org/News/news/All/eei-projects-26-million-electric-vehicles-will-be-on-us-roads-in-2030 https://www.eei.org/News/news/All/eei-projects-26-million-el...