The gradual electrification of the global vehicle fleet could bring a structural shift in the tanker market in the long run. But, will that be the case? In its latest weekly report, shipbroker Gibson said that 'electric vehicles (EVs) can rightfully claim to be a leading technology to reduce emissions. The uptake of EVs accelerated exponentially in recent years on the back of increases in driving range, improving infrastructure, subsidies, greater vehicle availability and rising demand. According to the latest IEA update, EV sales reached record levels in 2021, accounting for 9% of global new vehicles sales.

https://www.hellenicshippingnews.com/can-the-transition-towards-evs-hurt-the-tanker-market/

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