Report: Global gasoline demand to peak by 2030

A new report from the consulting firm Wood Mackenzie predicts that increasing vehicle efficiency and the rise of electric cars will lead global gasoline demand to peak by 2030.

Data: Wood Mackenzie Macro Oils Service; Chart: Chris Canipe / Axios

Big picture: "Although oil demand grows to 2035 on aggregate, it is minimal compared with what we have seen over the past twenty years. The prospect of peak oil demand is very real," the report states.