Electric, autonomous vehicles could cut U.S. gasoline demand

A new Morningstar report says that the rise of autonomous and electric vehicles may steeply cut U.S. gasoline demand in coming decades.

Why it matters: The report adds to analysts’ efforts to game out how interlocking changes in mobility will affect fuel demand and, by extension, greenhouse gas emissions.

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What they found: They project that the introduction and adoption of autonomous vehicle tech will cut ride-hailing costs a lot, although total vehicle mileage likely rises as consumers use ride-hailing and car-sharing more.