Tag Archives: Bernstein Research

Report: Increase in oil prices likely to encourage electrification

A new report from Green Car Reports argues that if oil prices were to rise to $150 by 2020, a new era of automobile electrification is likely to follow. Oil prices currently sit around $70/barrel, and if they more than double to the $150 predicted by Bernstein Research, it is likely consumer demand would drive automakers to augment their electrified…

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