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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

Green Car Congress

Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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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%

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Growth is led by developing regions such as China, India, Africa and other emerging economies. This edition of the annual Outlook marks the first extension of the long-term energy forecast to 2040. Additionally, to achieve proposed fuel-economy targets, personal vehicles will need to be smaller and lighter than they are today.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Natural gas overtakes coal as the largest fuel for US electricity generation. from 2012 to 2040, compared to 1.2% per year, from 21.5

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

Driven by increasing population, urbanization and rising living standards, the world will require some 35% more energy in 2040, according to ExxonMobil’s annual forecast report: Outlook for Energy: A View to 2040. billion, as the world’s population grows and more people in developing economies are able to afford cars.

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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EIA’s AEO2015 shows that the advanced technologies are reshaping the US energy economy. Fuel economy standards and changing driver behavior keep motor gasoline consumption below recent levels through 2040 in the Reference case. quadrillion Btu in 2040, as increases in fuel economy more than offset increases in LDV travel.

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NRC report concludes US LDVs could cut oil consumption and GHGs by 80% by 2050; reliance on plug-ins, biofuels and hydrogen; strong policies mandatory

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Vehicle and fuel data were then used to forecast future LDV fleet energy use and GHG emissions using two models, as well comparing different policy-driven scenarios. Many of the vehicles on the road in 2030 will have been built by 2015, and these will lower the fuel economy of the on-road fleet. Hybrid LDVs might reach 94 mpg (2.5

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