21 June 2026 | 6:14PM EDT Commodities Research OIL ANALYST EV Sales Acceleration Poses Downside Risk to Global Oil Demand 1 Electric Vehicles are defined as the sum of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs); they exclude traditional Hybrid Vehicles (HEVs). 2 We nowcast monthly EV and total (defined as the sum of EV and Internal Combustion Engine, or ICE) car sales on a seasonally adjusted basis by summing estimates for (1) "visible" countries, for which we nowcast the ...