OPEC claims that 94% of cars will still use fossil fuels by 2040

It might seem like electric vehicles are quickly taking over the automotive industry, but as the Vienna-based Organization of the Petroleum Exporting Countries (OPEC) claims, this couldn’t be farther from the truth. In its annual World Oil Outlook report, the organization claims that 94% of cars will still be powered by fossil fuels by 2040, while electric cars will only account for around 1%. Considering how reliant OPEC members are on oil, it’s surprising to see such a positive outlook from them in regards to the oil industry, but there are less-biased analysts who disagree.