Don't rely on trucking to prop up future oil demand
By 2050, oil demand could fall by the combined current production of Russia and Canada, if the world gets serious about cutting emissions from the trucking industry
Volvo's decision to launch only hybrid-or electric-car models after 2019 is just the latest sign that the passenger vehicle market is inching away from the internal combustion engine as a driving force. Trucking, however, has been regarded as safe territory for the oil industry for years to come, given the range and power limitations of electric propulsion—but now this assumption is being questioned too. It's easy to think of trucking as a much smaller market for the oil industry than cars in terms of oil consumption, given the relative numbers of vehicles on the road. But, as the International Energy Agency (IEA) points out in a new report, the greater consumption and miles driven by trucks
Also in this section
7 November 2025
The Russian company’s German assets are under Berlin’s management and are exempt from sanctions, for now, but a permanent solution still needs to be found
6 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now divesting its global operations
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
5 November 2025
Construction of the pipeline in Afghanistan is making tangible progress, but extending it into Pakistan and India remains unrealistic for political reasons
