# Don’t Write Oil’s Obituary Just Yet Despite Rise Of Electric Cars

Published 2017-11-14 · Updated 2026-07-23 · Energy on MarketScale
Canonical: https://www.marketscale.com/industries/energy/dont-write-oils-obituary-just-yet-despite-rise-electric-cars

> According to the IEA, Oil Consumption and Demand is predicted to remain a strong force well into the 2040’s despite speculation about the recent popularity boost of electric car sales. In their 2017 World Energy Outlook report published this past week, they state that four major factors will reshape the landscape of the global…

According to the IEA, Oil Consumption and Demand is predicted to remain a strong force well into the 2040’s despite speculation about the recent popularity boost of electric car sales. In their 2017 World Energy Outlook report published this past week, they state that four major factors will reshape the landscape of the global energy industry over the next 20 years.

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