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Electric Vehicle Boom Prompts Another Bleak Forecast for Gasoline
- BCG sees 30-35% drop in U.S. gasoline demand by 2035 vs 2015
- Firm says electric vehicle ownership may rise ‘dramatically’
Michal Meidan Says Electric Vehicles Are Here to Stay
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The Boston Consulting Group added its voice to the chorus of forecasts predicting a slump in U.S. gasoline 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.