Electric cars very quickly occupy the market, and this is now the view not only of manufacturers. One of the largest oil companies Total believes that by the end of the next decade electric vehicles will account for one third of all new cars sold.

About this writes Bloomberg. Chief economist Total Jael Kus believes that the lifting of electric vehicles will have a serious impact on the cost of all fuels that are made from oil. According to him, until the 2030s, the demand for such fuel will reach its peak, after which it will remain unchanged or even begin to decline.

Royal Dutch Shell believes that this will happen even earlier. According to the company's executive director Ben van Burden, demand for oil will peak in the late 1920s.

Therefore, the company is trying to assess which "green" technologies can bring the largest revenues.

Earlier Fitch warned oil companies about the threat from electric vehicles. And Gen. gives a very gloomy long-term outlook for oil market giants such as Chevron, ExxonMobil, Royal Dutch Sell. The threat to them is that the spread of electric vehicles can create a "lethal investment spiral" through which the nerve owners of the shares of oil companies will begin selling their shares, raising the price of debts.