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What is Impact of EVs on Oil Refining Industry about?

This document discusses a survey conducted by the World Refining Association on the relationship between electric vehicles (EVs) and oil refining. The survey found that while most refining professionals are somewhat concerned about the impact of EVs, they believe the effects will be gradual. EVs are currently more attractive to wealthy consumers in Europe but in China are often low-cost and used for short trips. Refiners will need to adapt to declining fuel demand by increasing production of petrochemical p

Author

Pervaiz Rizvi

Language

EN