BP Report states that as Electric Cars Replace Internal Combustion Engine Cars, Fossil Fuels will still be in Demand, to Power, the Power Plants, Providing Electricity, Recharging Electric Cars.

BP sees increasing energy sector competition

Free access If you want to make serious inroads in carbon emissions over the next 25 years, then focus on the power sector. That was the message from BP's chief executive Bob Dudley at the launch of the company's Energy Outlook 2018 in London.

From article, (If you want to make serious inroads in carbon emissions over the next 25 years, then focus on the power sector. That was the message from BP's chief executive Bob Dudley at the launch of the company's Energy Outlook 2018 in London.

According to the annually updated report, around 70% of the increase in primary energy demand will come from the power sector. Transport will absorb a declining share, as more electric vehicles (EVs) hit the roads. That will stunt rises in petrol demand, but increase electricity demand.

Under BP's "evolving transition" (ET) scenario, the impact of a 115% increase in global GDP on energy demand between 2016 and 2040—driven largely by Asia, Latin America and Africa—will only be partially offset by gains from greater energy efficiency. The result is a 35% increase in primary energy demand to 17.98bn tonnes of oil equivalent (toe) a year.

The ET scenario is based on the pace of change in energy policy and technological development over recent years being maintained into the future. That pace looks achievable, but it wouldn't be sufficient to meet the goals of the Paris climate change agreement. BP also modelled other scenarios based on more drastic action to tackle climate change, which lead to lower energy demand.

Renewables make the greatest gains in share, increasing 404% under the ET scenario to 2.53bn toe/y, followed by nuclear (a 54% rise), gas (47%) and hydro (36%).

BP also forecasts that 15% of cars on the world's roads in 2040 will be battery electric vehicles or plug-in hybrid. But it says EVs' share of overall distance driven by cars will be much higher, at around 30%, due to the impact of greater use of car sharing and autonomous vehicles. These trends will be skewed heavily towards the EV fleet, rather than vehicles with internal combustion engines (ICEs).)

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Me, "BP Report states that as Electric Cars Replace Internal Combustion Engine Cars, Fossil Fuels will still be in Demand, to Power, the Power Plants, Providing Electricity, Recharging Electric Cars. What should be pointed out is it is better to have the fossil fuels burned in a power plant because it is easier to deal with Power plant pollution there, then in millions of ICE cars and trucks. Second, Power plants come in all shapes and sizes, so While fossil fuels may still power some power plants there may be other power plants, Renewables, Hydro, Wind, Solar, etc., that BP or other energy providing companies may invest in, that will alter how much power comes from fossil fuels. Its an ever changing world. The only way to see what will happen is to live it."