In 2023, the transformation output of motor gasoline in the UK, excluding the biofuel portion, stood at slightly higher levels than projected for the upcoming years. Starting in 2024, the output is expected to decrease progressively each year, as shown by the forecasted values resulting in a decline from 767.22 thousand terajoules in 2024 to 731.2 thousand terajoules by 2028. Each year registers a slight decrease of around 1.20% to 1.30%, indicating a consistent downward trend in gasoline transformation.
Future trends to watch for include:
- The impact of EV adoption on gasoline demand.
- Legislative changes impacting fossil fuel consumption.
- Advancements in alternative fuel technologies.
- Global economic factors influencing energy markets.
