ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%
Green Car Congress
DECEMBER 11, 2011
Growth is led by developing regions such as China, India, Africa and other emerging economies. Vehicle downsizing could account for more than one-third of total projected fuel economy improvements through 2040. Demand for oil and other liquid fuels will rise by nearly 30%, and most of that increase will be linked to transportation.
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