Car sales

The Detroit News - - Front Page - NNaughton@de­troit­news.com

mar­ket, ac­count­ing for 62 per­cent of sales, down from 98 per­cent of the mar­ket to­day.

The con­tin­u­ing de­mand for gaso­line will be driven by a de­mand for mild to full hy­brids, which still rely on in­ter­nal com­bus­tion en­gines, ac­cord­ing to the study

“Oil’s mo­nop­oly as a trans­port fuel will erode as a new era of mul­ti­di­men­sional com­pe­ti­tion takes hold — but it will re­main a ma­jor player,” Jim Burkhard, IHS Markit’s vice pres­i­dent of global en­ergy mar­kets and mo­bil­ity, said in a state­ment Tues­day. “Many of its ad­van­tages as a fuel, such as its high en­ergy den­sity, will per­sist. And the size of the cur­rent au­to­mo­tive ecosys­tem will mod­er­ate the pace of change.”

As the three dis­rupt­ing fac­tors in the study — mo­bil­ity, elec­tric ve­hi­cles and self-driv­ing cars — con­verge with one an­other over the next 20 years, Carl­son said there is no one driv­ing force in the change of the in­dus­try.

“These fac­tors rep­re­sent a sum that is greater than the in­di­vid­ual parts,” he said.

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