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Despite Rapid EV Adoption, India's Fuel Demand Will Keep Climbing Until 2034
14 hour ago /
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Author：小编
November 13 — BloombergNEF's "2026 India Electric Vehicle Outlook" report indicates that despite accelerating EV adoption, India's road transport fuel demand will continue to rise over the next eight years, driven by growth in vehicle ownership and increased fuel consumption from commercial transport. Demand is expected to peak around 2034 at more than 2.5 million barrels per day before gradually declining. Over the long term, the fuel substitution effect from the adoption of electric two-wheelers, three-wheelers, and passenger cars will outweigh the growth in commercial vehicle fuel consumption, driving overall fuel demand down.
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