It seems like the 2020s are poised to be the decade of the EV, with manufacturers offering more battery electric and plug-in hybrid vehicles in their lineups than ever before. And with some states putting restrictions on new ICE (internal combustion engine) vehicle sales, it seems like the selection of new models like the Kia EV9 and Tesla Cybertruck comes just in time. Today, EVs are still just a small share of global vehicle sales, but they are becoming more and more popular among consumers. With all the new EV models you’re likely to see on the road in the coming years, many people are wondering if this is the death knell for the oil industry. It’s reasonable to think going electric may pose a threat, but while new battery electric vehicles will certainly put a dent in overall oil consumption, it’s far from the end for the oil giants.