Solar-plus-EVs economics to trigger a ‘relentless and irreversible decline’ for oil, report states

The economics of combining solar and other renewables with electric vehicles is becoming so compelling that the oil sector faces a “relentless and irreversible decline”, a new report from BNP Paribas has concluded.

The report, dubbed ‘Wells, wires and wheels’, examines the link between mobility, energy and capital investments, introducing the concept of ‘energy return on capital invested’ (EROCI).

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