Since many autonomous vehicles are going to rely on electricity to operate, the demand for lithium batteries increases. Similarly, radar, sensors, lidar, and high-speed internet connectivity require higher auxiliary power from vehicles, which manifests as greater power draw from batteries. The larger battery requirement causes a necessary increase in the supply of these type of batteries for the chemical industry. On the other hand, with the expected increase of battery-powered (autonomous) vehicles, the petroleum industry is expected to undergo a decline in demand. As this implication depends on the adoption rate of autonomous vehicles, it is unsure to what extent this implication will disrupt this particular industry. This transition phase of oil to electricity allows companies to explore whether there are business opportunities for them in the new energy ecosystem. In 2020, Mohan, Sripad, Vaishnav & Viswanathan at Carnegie Mellon University found that the electricity consumption of all the automation technology, including sensors, computation, internet access as well as the increased drag from sensors causes up to a 15% impact on the range of an automated electric vehicle, therefore, implying that the larger battery requirement might not be as large as previously assumed.