gasoline demand faces deceleration> EV use the cause
https://www.wionews.com/business-economy/global-gasoline-demand-faces-deceleration-with-the-growth-of-electric-vehicles-718337 Global gasoline demand faces deceleration with the growth of electric vehicles 2024/05/06 ... The trajectory of global petrol demand is set for a major deceleration in 2024 ... the role of electric vehicles in shaping demand dynamics, particularly in the US and China. "Penetration of electric vehicles has been increasing in US and China,” ... rising competition from Nigeria's Dangote refinery, along with stagnant demand in Europe, is expected to weigh on refining margins ...