India's road-fuel demand is expected to hit its highest point in 2034, topping more than 2.5 million barrels a day.
This is mostly because more vehicles are hitting the roads and commercial transport is booming, according to BloombergNEF.
Even though electric vehicles (EVs) are catching on, especially scooters and auto-rickshaws, traditional fuel demand is still strong for now.
India needs $29B chargers by 2040
While three-wheelers are leading the charge toward India's 2030 EV goals, other segments are lagging behind.
To really make electric mobility work, India will need a big upgrade in charging stations (BloombergNEF says about $29 billion will be needed by 2040).
The report suggests that as more EVs roll out and charging gets easier, fuel demand should finally start dropping after that 2034 peak.