IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil
Green Car Congress
NOVEMBER 13, 2011
Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.
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