Oil Demand Won’t Peak Until 2035

Lifestyle, News I By Winding Road Staff I June 25, 2019

According to this CNN Business article, a leading consulting company, Wood Mackenzie, states that global oil demand won’t peak until 2035. Demand remains strong in several major Asian economies, followed by the US, though demand growth is beginning to taper off in Europe. With strict all-electric vehicle sale mandates being introduced by the Chinese government, the fact that China has invested a lot in electric vehicle technology and manufacturing, and their premium access to key materials like Lithium, China is poised to be in good shape when global starts to decline.

Quite frankly, 15-or-so years doesn’t seem all that far away, especially considering how much electric vehicle technology has spring-boarded in just the past 13 years (the world was introduced to the Tesla Roadster not that long ago). What does this mean for markets? What does this mean for urban planning, for emissions regulations?

All we can say is, when demand for gasoline sharply decreases, we hope enthusiasts can have their cake and eat it: less demand means cheaper gasoline, therefore we can drive whatever soon-to-be-vintage sports car or hot rod all day long, and perhaps pay less than half of what a tank costs today.

What are your thoughts on these projections of global fossil fuel demand?


The Guide to Road Racing: Winding Road Magazine's ultimate guide to getting your start in racing.

Table of Contents

Related Articles

BUGATTI TYPE 35: The Making of A Champion

Setting the blueprint for all Bugatti cars that followed, the Type 35 was designed and engineered like no other, and featured world-firsts to ensure unmatched…

March 14, 2024
Revealed: Honda E-Bike

The Honda e-bike promises to bring innovation and expertise from its motorcycle business to the burgeoning electric bicycle sector.

November 10, 2023
Kia Next to Adopt Tesla’s NACS Charging Network

Kia has announced its intention to adopt Tesla’s North American Charging Standard (NACS) in the fourth quarter of 2024.

October 06, 2023
Vehicle Title Transfers: Cario’s Revolutionizing Blockchain Solution

Cario announced the launch of its blockchain-based platform, designed to fix the way vehicle title transfers is done.

September 08, 2023
Texas Pushes Forward with Tesla NACS Mandate

Texas has given the green light to a controversial plan that mandates the inclusion of Tesla NACS technology in EV charging stations.

August 17, 2023


Get the latest driving and racing news straight to your inbox.

no thanks

Begin typing your search above and press return to search.