Winning: Diesel Demand Hits 26 Year Low As Ev, Hydrogen Sales Boom
US diesel demand plummeted to its lowest seasonal level in 26 years last quarter - but is that due to a down economy,
Electrek 4:59 pm on June 5, 2024
The demand for diesel is declining due to a surge in electric vehicle (EV) sales and increased commercial investment in EVs. Diesel's fall coincides with economic slowdown, signaling shifting industry trends.
- Diesel demand: Falling due to economic downturn & rising EV adoption.
- EV commercial growth: Record sales and substantial investments in electric fleets. Economic impacts: Diesel's decline reflecting broader economic slowdown.
- Industry transition: The auto industry shifting from diesel to cleaner energy options.
https://electrek.co/2024/06/05/winning-diesel-demand-hits-26-year-low-as-ev-hydrogen-sales-boom/