EVs Could Cut Global Gasoline Use By 2040

The good news is that electric vehicles will reduce gasoline consumption even if no other levers are used related to personal transportation. The bad news is that it will be 15 to 20 years before gasoline consumption growth flattens and 25 to 35 years until consumption returns to 2014 levels and lower if electric cars are the only lever that is pulled. There are a few things to consider when thinking about how fast electric vehicles will spread…