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Fidelity Electric Vehicles and Future Transportation ETF
As of May 30, 2026 at 10:15 UTC
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About Fidelity Electric Vehicles and Future Transportation ETF
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Latest News
5 articlesChevron has acquired lease rights to 125,000 acres in Texas and Arkansas to extract lithium from brine, a byproduct of oil and gas production. This move aligns with the company's strategy to diversify into the EV supply chain and leverage its subsurface expertise.
The International Energy Agency (IEA) has announced that global oil demand will reach its peak of 105.7 million barrels per day (mb/d) in 2028, during an existing decline initiated by the advance of electric vehicles (EVs). "The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance," said IEA executive director Fatih Birol. "Oil producers need to pay careful attention to the gathering pace of change and calibrate their investment decisions to ensure an orderly transition." Oil Demand For Transport Fuels Is Predicted To Peak Sooner Rather Than Later Road transport fuels, which have historically driven oil demand, will face significant challenges in surpassing pre-COVID-19 levels. The combination of energy efficiency improvements and substitution factors will exert a heavy burden on their growth prospects, according to IEA estimates. Specifically, the demand for oil in transport fuels is expected to enter a declining phase after 2026. This shift will be driven by the widespread adoption of EVs, the increasing use of biofuels, and the continuous enhancement ...Full story available on Benzinga.com
