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Alternative fuels to ‘power car industry growth’

Green Cars News

While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternative fuel powertrains over the coming few years.

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

Our history with alternative fuels has been truly awful.” Given high initial costs, volatile oil prices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. Steven Plotkin. times as much.

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Demand for oil ‘passed its peak’

Green Cars News

But the stronger governmental and consumer push for passenger vehicle fuel economy gains driven by energy security concerns and climate change initiatives have also led to reduced demand for oil in the OECD. Peak demand will dampen the rate of increase in dependency on oil imports.

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