Étienne Latulippe

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Étienne Latulippe

International Economic Analysis

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

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Outlook for Electric Vehicles and Implications for the Oil Market

Staff Analytical Note 2019-19 Étienne Latulippe, Kun Mo
The market for electric vehicles (EVs) is growing rapidly. Subsidies and technological improvements are expected to increase the market share of EVs over the coming decade. In its base-case scenario, the International Energy Agency (IEA) expects EV use to rise from 4 million vehicles in 2018 to 120 million by 2030, or from 0.3 per cent to over 7 per cent of the global car fleet.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): International topics JEL Code(s): Q, Q4, Q47

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