The Macro Implications of the Push Toward Electric Vehicles

Bridgewater

Greg Jensen, Atul Narayan

Article

1 Pages

Bridgewater Associates examines how a global shift toward electric vehicles could reshape economic growth, infrastructure spending, and oil demand. Meeting policy targets could require roughly $2 trillion of investment by 2030, while widespread adoption could eventually push global oil demand into outright decline

Key Takeaways

Infrastructure Spending Surge: Meeting global EV policy targets could require roughly $2 trillion of cumulative investment by 2030, including more than $550 billion in India alone.
Uneven Growth Boost EV investment could add 20bps to global growth, with a larger 90bps impact in India and roughly 25bps in China.
Earlier Oil Peak: Achieving EV targets could cause global oil demand to begin contracting around 2025 as electric vehicles increasingly displace gasoline powered cars
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