IHS Markit: GM announcement latest sign that peak gasoline demand from light vehicles has already come and gone

Green Car Congress
By mmillikinFeb 18, 2021, 4:30 am630 ptsHot
The recent announcement by GM that it aspires to phase out sales of oil-powered light vehicles (LVs) by 2035 (earlier post)—part of a broader proposal to make the automaker a net-zero-carbon company—is a prominent signpost that oil demand from LVs has already peaked, according to a new analysis by Jim…

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