Electric vehicles not to be a gamechanger for global oil demand: BP

Despite a huge push for domestic crude oil production, India is going to be mainly import- dependent at least till 2040 with demand set to increase from 4 million barrels per day (mbd) to 10 mbd, according to British oil giant BP Plc.
 
BP’s chief economist, Spencer Dale, said on Tuesday though electric vehicles sounded exciting, these were not going to be a gamechanger for global oil demand.
 
The global energy major’s statement comes at a time when India is planning to cut its crude imports by 10 per cent by 2022, and the government is aggressively pushing