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. Additionally, to achieve proposed fuel-economy targets, personal vehicles will need to be smaller and lighter than they are today. This edition of the annual Outlook marks the first extension of the long-term energy forecast to 2040.
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