US gasoline consumption could drop by 20%

According to experts from Wood Mackenzie, by 2035, gasoline consumption in the United States could decline by 5–20%.

In the most favorable case, the share of electric vehicles in the American market will reach 35% in the next two decades. However, such a scenario is only realistic if automakers can offer cars with a long driving range.

A more moderate forecast suggests that by 2035, about 10% of cars sold in the US will be electric. Then the drop in gasoline demand will be 5%.

Currently, electric cars account for less than 1% of the US market: they are held back by high cost, insufficient battery capacity, and cheaper traditional fuel.