Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial Times reported on Monday, quoting a long-term energy outlook by Wood Mackenzie. “Autonomous electric vehicles or robo-taxis will really change the face of transport in the coming decades,” Ed Rawle, Wood Mackenzie’s head of crude oil research, told the FT.

Oil demand will remain strong to around 2040 and plateau rather than peak, Gilvary said. “We will continue to pursue world projects. But we will do that in a way to make sure we start to reduce emissions in our own business.”