Elon Musk expects that peak oil demand will occur within the next five years.

 One of the world's biggest proponents of sustainable energy is also a realist. During the Russia-Ukraine war, Musk highlighted the need for greater oil and gas output, and over the years, he has clarified that he supports solutions such as nuclear energy.

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True, there will be a long tail of usage, but it will peak long before then

— Elon Musk (@elonmusk) January 19, 2023

 Some media outlets may run with the idea that Musk is not a sustainable advocate because he is advocating for nuclear power and the use of fossil fuels. The existence of Tesla is to accelerate the world's transition to sustainable energy, but getting there requires smart and practical solutions today. Musk predicted that the use of oil and gas would peak in the next few years. 

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Jamie Dimon of JP Morgan noted that oil and gas would be needed for the next 50 years. In his initial reply, Musk stated that the use of fossil fuels would peak before the JP Morgan CEO's 50-year estimate was up. There will be a long tail of usage, but it will peak before then. Within the next five years, Musk predicted that peak oil demand would happen.

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 One of the key individuals who criticized Musk's estimates was energy markets researcher Dr. Anas F. Alhajji. The researcher said that for oil demand to stay at current levels, there have to be over 700 million EV on the roads. The electric vehicle maker is looking to grow a lot within the next few years. By the end of the decade,Tesla is aiming to hit 20 million electric cars per year, which should help shift the auto industry towards a more sustainable future.