According to CoinMeta, despite the accelerating adoption of electric vehicles, the demand for road transportation fuel in India is expected to continue to rise due to the ongoing growth in the vehicle ownership and the increased fuel consumption in the commercial transportation sector, which will support the country's oil consumption growth. According to the "2026 India Electric Vehicle Outlook Report" published by BloombergNEF, the demand for road transportation fuel in India will continue to grow over the next eight years and reach a peak around 2034, with daily production exceeding 2.5 million barrels, after which it will gradually decline. In the long term, as the adoption rates of electric two-wheeled vehicles, three-wheeled vehicles, and passenger cars continue to increase, the fuel substitution effect they bring is expected to outweigh the impact of the growth in fuel consumption from commercial vehicles, thereby driving down the overall fuel demand.