IHS Markit: US gasoline demand could be cut almost in half due to COVID-19
Green Car Congress
MARCH 27, 2020
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. Following a deceleration of electric vehicle (EV) sales growth in 2019, IHS Markit expects EV sales to stagnate in 2020 and likely into 2021.
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