Pilita Clark and Peter Campbell

Rarely a day passes without at least one mention of a product that was not even easy to buy in its current form seven years ago: the electric car. But behind the headlines about new electric models from the world’s largest carmakers, the spread of charging stations and Tesla’s car battery “gigafactory” in Nevada, a more profound question emerges. Could electric cars ever cut the world’s thirst for oil enough to depress crude prices significantly?