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
It is still unclear how much more the consumer is willing to pay for an electric vehicle or what is the desired payback period, i.e. the time it takes for the fuel savings to offset the higher upfront purchase price of the vehicle. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada.
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