IHS Markit: US gasoline demand could be cut almost in half due to COVID-19
Green Car Congress
MARCH 27, 2020
during the global recession in 2008/2009. EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. IHS Markit downgraded its expectations for Mainland China by 2.3
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