Increased sales of hybrid vehicles and improvements in vehicle efficiency are already cutting the demand for gasoline. But China and India are going further, taking radical measures in their efforts to reduce carbon emissions from their transportation sectors. China wants 7 million alternative fuel vehicles sold in the country every year by 2025; India is promoting having all vehicles on the road electrified by 2032. Currently electric vehicles comprise 2% of the “global car fleet,” but these two regulations will help increase their market share. These regulatory shifts are particularly significant given that large increases in car sales in Asia have been a primary driver of oil demand. Although oil executives do not believe these initiatives will drive down future demand for oil, others are hopeful they might. For the full story, see http://uk.reuters.com/article/us-gasoline-asia-demand-analysis-idUKKBN1…;