Monthly Archive: May 2024

Report: EVs are slowing the pace of growth in gasoline demand

Fuel gaugeGrowing EV sales in both the U.S. and China could contribute to a halving in gasoline demand in 2024, says the consultancy Wood Mackenzie. Demand is likely to rise 340,000 barrels per day (bpd) to 26.5 million bpd for the year, but that's the slowest growth since 2020, and down from a growth rate of 700,000 bpd last year, according to the report...

Leapmotor, Stellantis may announce formation of JV next week, report says

Leapmotor's chairman and Stellantis CEO will appear together at a joint press conference next week, where they will jointly announce the formation of Leapmotor International, according to local media.

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