Global road fuel demand will peak in five years, though it will be decades before shifts in consumption reshape transportation’s reliance on fossil fuels, according to a report from BloombergNEF.
Road fuel use will rise to 45.2 million barrels a day by 2027, at which point efficiency improvements will begin to cut into demand growth, according to David Doherty and Daisy Robinson. The development of zero-emission vehicles, like electric or fuel-cell powered, and autonomous vehicles will lead to long-term cutbacks, they said.
