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In preview of EV future, oil producers are paying customers to take it off their hands - Electrek

In preview of EV future, oil producers are paying customers to take it off their hands - Electrek

Electrek - Bradley Berman

With 3 billion people sheltering from the global pandemic, oil demand has plummeted. Crude storage locations are filling up. US drillers are shutting down production. And some producers are paying customers to take their oil. In a glimpse into a future when nearly all vehicles run on electricity, …

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Electrek is a news site tracking the transition from fossil fuel transportation to electric and the surrounding clean energy ecosystems.

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