The eventual adoption of electric vehicles (EVs) moves our world one step closer towards fuel efficiency, energy diversification, pollution reduction, and climate change mitigation. This topic has sparked a ton of debate on when EVs will be commercially viable and what needs to happen to get us there. Can this technology realistically be seen as a disruptive force to the oil industry within the next decade?
It comes to no surprise that the sheer volume and growth of Chinese overseas travel continues to surpass all expectations. The number of outbound Chinese tourists will roughly double within the next decade from 120mn in 2015 to 220mn in 2025. Those tourists spent over bn overall in 2015, making them the world’s largest and highest spending group of travelers.