Increased working from home and use of e-commerce will be “powerful and enduring” in the U.S. — potentially enough to reduce auto miles traveled by up to 9% going forward, according to a new KPMG analysis . Why it matters: The behavioral changes that stick around once the coronavirus crisis passes will affect power use, driving levels and oil demand — with repercussions for all those industries. The KPMG report takes a stab at specifically quantifying the potential long-term driving effects in the U.S., and what it means for the auto sector. The big picture: While driving has recovered a lot from the depths of the pandemic, KPMG analysts say that going forward, U.S. vehicle miles traveled could drop by a range of 140 billion to 270 billion miles per year. The consultancy estimates that car ownership also could fall, from 1.97 to 1.87 vehicles per household. “That may […]