Road fuel demand peaks in 2027

In just five years from now, global road fuel demand is seen peaking

Under BloombergNEF’s Economic Transition Scenario — where changes in the world’s energy system are driven by techno-economic trends and market forces, and no new policies are assumed to be enacted — road fuel demand reaches a peak in 2027, as efficiency improvements and alternative drivetrains cut into road fuel use. From then on, demand begins to decline structurally. Road fuel is used by passenger cars, commercial trucks, two-wheelers and three-wheelers.

“Fuel producers with exposure to markets like the US or Europe are poised to see sales of diesel and gasoline decline significantly from current levels over the next decade. On the