EVs To Lead By 2030

World petrol demand 'likely to peak by 2030 as electric car sales rise'; Wood Mackenzie predicts global oil growth will plateau about 2035 – earlier than some previous forecasts

Adam Vaughan, 16 October 2017 (UK Guardian)

“…[Beyond 2025, as battery-powered cars go mainstream, global oil gasoline demand will peak, according to The rise and fall of black gold; When will peak oil demand strike?]…The UK and France have recently said they will phase out sales of new petrol and diesel cars by 2040. China, the world’s biggest car market, is mulling a similar move, which would have a significant impact on oil demand…Of the 96m barrels of oil consumed globally each day, 60m are used for transport…[The researchers say] countries that rely strongly on tax income from fuel duty, such as the £28bn the tax brings in for the UK each year, falling gasoline demand will pose a challenge for governments...Battery-powered cars are expected to have a bigger impact later…” click here for more

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