Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial Times reported on Monday, quoting a long-term energy outlook by Wood Mackenzie. “Autonomous electric vehicles or robo-taxis will really change the face of transport in the coming decades,” Ed Rawle, Wood Mackenzie’s head of crude oil research, told the FT. According to the UK energy consultancy, autonomous EVs and robo taxis will become commercial by 2030 and gain wide acceptance by 2035. Each autonomous EV is forecast to displace more of the oil demand than the conventional EV, according to Woodmac. “They will be on the road far more as they are autonomous, displacing a disproportionate amount of oil-based transport,” the FT quoted Rawle as saying. Over the next ten years, the biggest curb on oil demand will be […]