Report: Gas Demand Could Drop by 5 Percent or More

By Tim Healey A new report is suggesting that American demand for gasoline as a motor fuel could drop by 5 percent over the next two decades – or perhaps by as much as 20 percent.
The report, released Monday by energy consulting firm Wood Mackenzie, said that if electric vehicles gain a market share of more than 35 percent by 2035, American gasoline use could drop from the current level of nine million barrels per day by as much as two millions barrels per day.
SEE ALSO: Japan Has More EV Charging Stations Than Gas Stations
The 20-percent scenario assumes that automakers can get affordable

Read Full Article Here

For more great articles: HybridCars.com

(Visited 12 times, 1 visits today)

Comments

comments



© 2014 RenewaNews