ExxonMobil CEO Darren Woods claimed that every passenger car in the United States and the world will be electric by the year 2040.
“With respect to electric vehicles, the first thing we did was to ask ‘what’s the relevance? How material is it to our business?’ And we did some work very early on and said, ‘Let’s just make the assumption that people begin to shift and that ultimately, every car in the world sold is electric,’ and ultimately, I think we got to about 2040 that every vehicle in the world is electric,” Woods told CNBC this week.
