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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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.
