Tesla just had a historic quarter; surging Model 3 sales and greater margins on every car sold erased the red ink from the company’s financial statements for the first time in years. On this week’s podcast we review the latest electric car sales statistics, the economics and utility of EV ownership and the implications of a growing electrically powered fleet on the future of oil demand.

This podcast references past ARC Energy Research Institute commentaries on EVs and oil demand including; The Biggest Transition Ever, Why Ban the Engine, Old Pistons Die Hard, and End of Oil Narratives are Misleading.