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Electric vehicle fervour inspires another bleak petrol forecast

Demand for the fuel in the world's biggest oil consumer may drop by a third by 2035, it says

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Published Tue, Feb 27, 2018 · 09:50 PM

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    London

    THE Boston Consulting Group added its voice to the chorus of forecasts predicting a slump in US petrol consumption as electric vehicles become popular and internal combustion engines turn more efficient.

    Demand for the fuel in the world's biggest oil consumer may drop by a third by 2035, the firm said in a report titled "Are Oil Companies Ready for the Next Energy Transition in the U.S.?" that was published on Monday.

    oil

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