Peak Oil is You

Donate Bitcoins ;-) or Paypal :-)

Page added on May 12, 2017

Bookmark and Share

IEA to review oil demand outlook after China, India signal auto policy shifts


The International Energy Agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using other alternatives to gasoline.

In its current policies scenario, last updated in November 2016, the IEA expects vehicle demand for oil to rise until 2040.

But after the world’s two fastest growing oil markets, China and India, indicated they are likely to take radical turns away from gasoline, the IEA says it will need to review its forecasts.

“We will therefore revisit our analysis of future EV market penetration on the basis of these new announcements for the next World Energy Outlook 2017, to be released on 14 November,” an IEA spokesman told Reuters.

In its “road map”, released in April, China said it wants alternative fuel vehicles to account for at least one-fifth of a projected 35 million annual vehicle sales by 2025.

India is considering even more radical action, with an influential government think-tank drafting a report in support of electrifying all vehicles in the country by 2032, according to government and industry sources.

“There has been further policy momentum in support of electric cars, in particular from China and India,” the IEA said.

The IEA says that China and India currently consume 11 percent and 2 percent of global gasoline demand respectively.

“The choices made by China and India are obviously most relevant for the possible future peak in passenger car oil demand,” the IEA said.



18 Comments on "IEA to review oil demand outlook after China, India signal auto policy shifts"

  1. twocats on Fri, 12th May 2017 12:57 pm 

    Peak gasoline demand in 2040? If demand = consumption then that is waaaay off. People may not be fantasizing about gasoline as much after 2040. that’s a peak in demand sort of.

  2. Jerome Purtzer on Fri, 12th May 2017 2:01 pm 

    Let’s see, you have these long chain hydro carbons that took 100’s of millions of years to form and that we are just beginning to understand the thousands of applications for. What do we do? How about, Let’s burn them as fast as we find them. Make’s perfect sense.

  3. Boat on Fri, 12th May 2017 3:29 pm 

    Two cats,

    Remember, the world only needs enough electric cars to equal 1.2-1.6 Mbpd to equal normal demand. 2030 may be possible. In another 5-7 years the trends will be easier to see.

  4. chamberlain transfermarkt on Fri, 12th May 2017 4:34 pm 

    I’m not sure exactly why but this website is loading
    incredibly slow for me. Is anyone else having this problem
    or is it a problem on my end? I’ll check back later and see if the problem still
    chamberlain transfermarkt

  5. onlooker on Fri, 12th May 2017 4:36 pm 

    chamberlain–everything is fine on my end

  6. Outcast_Searcher on Fri, 12th May 2017 5:18 pm 

    Since India has been all about what is cheapest (i.e. building out their expanding electric grid with coal, because it’s cheap).

    So, I suspect it will be about economics for them. If EV’s do continue to become meaningfully cheaper as battery and green generation tech improve, then I’ll believe that they will follow through.

    The popular nano is only about $4,000 to 5,000 new in various Indian cities. So a $25,000 EV will still look VERY expensive to their middle class.

  7. makati1 on Fri, 12th May 2017 5:32 pm 

    chamberlain, it loads ok here in the Philippines. Except at one time in the day when they are adding new articles. Then it is slow. Try a different time?

  8. Kenz300 on Sat, 13th May 2017 12:49 am 

    Solar power and electric vehicles.

    Safe, clean and cheap. NO emissions.

  9. Molconvid Films on Thu, 22nd Jun 2017 2:37 am 

    I’m not sure why but this website is loading incredibly slow for me.
    Is anyone else having this issue or is it a problem on my end?

    I’ll check back later and see if the problem still exists.

  10. figuras funko on Mon, 26th Jun 2017 4:33 am 

    Its not my first time to pay a quick visit this site, i am visiting this web
    page dailly and take nice data from here every day.

  11. new Men polo shirt on Tue, 29th Aug 2017 9:47 am 

    Cheap eyewear hinge, Buy Quality eyewsar accessories directly from
    China eyeweear optical Suppliers: Brand New Professiojal Anti-Fog/Breaing UV Adjustable Swmming Goggles men women Waterproof silicone
    glasses adult Eyewear
    eyewear accessories

  12. Streaming Hentai Online Free on Wed, 30th Aug 2017 8:19 am 

    If you desire to improve your know-how only keep
    visiting this web page and be updated with the hottest gossip posted here.

  13. tracksindia on Wed, 30th Aug 2017 8:50 pm 

    Do you mind if I quote a couple of your articles as long as I provide credit
    and sources back to your website? My blog is in the very same niche as
    yours and my users would genuinely benefit from
    some of the information you present here. Please let me know if this alright with you.
    Thanks a lot!

  14. blogmmaq on Fri, 1st Sep 2017 3:12 am 

    My partner and I stumbled over here from a different website and thought I might check things out.
    I like what I see so i am just following you. Look forward to checking out your
    web page again.

  15. ustawa krajobrazowa lubin, on Sat, 2nd Sep 2017 1:39 am 

    Awesome! Its really amazing paragraph, I have got much clear idea on the topic of from this piece of

  16. on Sun, 3rd Sep 2017 11:36 pm 

    s sound processing capabilities to give you a far more personalised
    listening experience. Mbop Megastore provides both WMA files with DRM and mp3 with no
    DRM. It all depends on which is more important to you:
    sound quality or more songs.

  17. Lauri on Sun, 8th Oct 2017 2:55 am 

    It’s reаlly ɑ nice and helpful piece of info.
    Ӏ am satisfied tһat yоu shared this useful informаtion wіth us.
    Please keep սs informed like this. Тhank you for sharing.

  18. Photographe on Thu, 25th Jan 2018 1:34 am 

    Αs faar аs eateries go, there is none ɑs funky or idiosyncratic as the
    Galata House, housed іnside thе erstwhile British Jail.
    Тhink homemade hummus, feta, rice wrapped іn grape
    leaves. І amm also re-purposing օld clothng
    intо doggie clothing ɑs seen in the “Recycled Hoodie.

Leave a Reply

Your email address will not be published. Required fields are marked *