Rho Motion, the leading EV research house, today revealed that the number of electric vehicles sold globally in February 2025 is 1.2 million. The EV market grew by almost 50% compared to February 2024, but fell by 3% compared to January 2025. Rho Motion Data Manager, Charles Lester, commented: “It’s been a solid start to … Continued
Would such a trend indicate we have passed “peak oil”?
It might. Oil demand growth was at 1% or so last year. The EU saw a decline last year, China seems to have peaked and Trump is causing an economic crisis in the US. If EV sales increase, that might be it.