Gasoline demand predicted to plateau

The International Energy Agency forecasts global gasoline
consumption will peak in the next 25 years, as more efficient
cars and the advent of electric vehicles halt growth in demand

GLOBAL GASOLINE CONSUMPTION GROWTH

15 16 17 18 19 20 21 22 23 24 million barrels per day

1990 1995 2000 2005 2010 2015 2020 2030 2040

Forecast

ELECTRIC CARS

Predicted increase in volume

2015 1 million

2040 150 million

Source: IEA World Energy Outlook 2016, wire agencies

Picture: AP