Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.
Oil demand for transportation fuel see its "demand will flatten out," after 2030, "Maybe even decline." Couse said speaking this week at the Bloomberg New Energy Finance conference in New York.
Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse's forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector.
"That's big," McKerracher said. "That's by far the most aggressive we've seen by any of the majors."