2° Investing Initiative | The Bigger Picture: The Impact of Automation, AI, and the Shared Economy on Oil Demand

This report seeks to quantify the potential impact of breakthrough technologies on oil demand. It finds that breakthrough technologies like artificial intelligence, bio- plastics, 3D printing, holograms, nanotechnology, hyperloops, artificial intelligence, and autonomous driving, as well as trends like the ‘sharing economy’, can reduce oil demand by 34% relative to the baseline New Policy Scenario (NPS) of the International Energy Agency in the next 22 years.