Demand for oil will begin to fall: analysts named terms

According to analysts of the company, the peak demand for oil will come in the late 2030s, after which the recession will begin. This is due to the development of technologies and the policy of in a number of countries, Green Tech Media reports.

By 2040, the total fleet of cars will double - to 2 billion, of which 320 million - will be electric (today - 3 million). Cars with ICE will still prevail, but analysts suggest paying attention to other figures. In their opinion, electric vehicles will be used more often. So, by 2040 they will have 30% of all passenger-kilometers. For comparison, today this figure is only 2%. According, electric vehicles will travel two and a half times more often and further than on classic cars with ICE, informs news.eizvestia.com.

According to the research, this is due to the development of the "sharing economy", because the cost of driving an electric car, divided by a kilometer, is much lower than in gasoline cars. In the end, they use them more often.

Despite the fact that demand for cars will increase, due to the growing prosperity in developing countries, it will be due to high environmental standards. As a result, this trend will begin to affect the consumption of oil.
True, in absolute terms, oil will still remain the dominant energy source even in the 2040s. Nevertheless, it is important that for the first time its consumption will begin to slow down.