Downstream oil in brief: UK to ban new gasoline and diesel car sales by 2030 Report

Insight 20 November 2020

Get this report*

$900

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

During 2020 so far, less than 10% of cars sold in the UK have been BEVs. Getting to 100% will require a huge effort across the entire supply chain, as well as ensuring that there is enough fast-charging infrastructure available. Should the legislation be successful, it will only further accelerate the decline for traditional carbon-based road transport fuels. This will prove a challenge for fuel retailers as EV charging beyond major highways and trunk roads is not necessarily well suited to forecourts.

How will road fuel demand be impacted?
What challenges will have to be overcome?
What will this mean for fuel retailers?
Summary
Refining margins strengthen in October but set to trend downward through the rest of the year
Marketing margins remain high as wholesale costs continue to remain weak