Mexican Media Brands
EVs Could Cut U.S. Gasoline Sales 20% in 20 Years
An accelerating market for electric cars will reduce gasoline demand in the U.S. at least 5%—and perhaps as much as 20%—over the next two decades, predicts Edinburgh-based energy industry consultants Wood Mackenzie Ltd.
#economics #hybrid
Share
An accelerating market for electric cars will reduce gasoline demand in the U.S. at least 5%—and perhaps as much as 20%—over the next two decades, predicts Edinburgh-based energy industry consultants Wood Mackenzie Ltd.
Americans currently consume more than 9 million barrels of gasoline per day. If EVs can push their share of the U.S. passenger vehicle market from less than 1% today to 35% by 2035, consumption could drop by as much as 2 million bpd, according to the analysis.
But report author Prajit Ghosh tells The Wall Street Journal a more likely scenario is that EVs will account for roughly 10% of the U.S. car market in 20 years. That share would result in a 5% decline in gasoline demand, he estimates.
Meanwhile, AAA’s Daily Fuel Gauge Report says gasoline demand in the U.S. appears likely to reach a record high for the summer driving season. The average price for a gallon of unleaded regular gasoline is a $2.33, down 5 cents from a week ago and 47 cents below the year-ago average.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.