IEA to review oil demand outlook after China, India signal auto policy shifts - RTRS

In an exclusive interview with Reuters, the International Energy Agency (IEA) spokesman said that the agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using other alternatives to gasoline.

Key Quotes:

"We will therefore revisit our analysis of future EV market penetration on the basis of these new announcements for the next World Energy Outlook 2017, to be released on 14 November” 

"There has been further policy momentum in support of electric cars, in particular from China and India" 

"The choices made by China and India are obviously most relevant for the possible future peak in passenger car oil demand"