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
By contrast, subsidies for fossil fuels amounted to $409 billion in 2010. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. To compete today, the majority of alternative fuels need government support of one form or another.
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