抄録
Both the volume of global electric vehicle (EV) stock and the share of global EV sales are increasing. China, the EU, and other countries will continue to promote the shift from internal combustion engine (ICE) vehicles to EVs over the long term. There will be country- and region-specific differences in this shift to EVs, which will have unique long-term impacts on the biofuels and agricultural markets. Since the mid-2000s, biofuels have taken the role of the floor price effect in agricultural commodity markets. Due to the shift to EVs, the weakening of the floor price effect of the rapeseed oil market will alter its market structure. However, many other commodity markets will maintain the floor price effect, and their long-term market structures will remain unchanged.
