The way fixed-line telephony was replaced by mobile and internet technologies, so will petroleum-based energy be replaced by renewable energy technologies, which include electric mobility. It is already happening here in Kenya aided by new EV investments, facilitative policies and fiscal support. This is why petroleum supply chain players should reflect on renewable energy phase-in in their petroleum demands projections and investments.
Over the past two years China has surprised the world with the speed at which it has increased electric vehicles market penetration in local and export markets.
