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
The vast majority will be hybrids that use mainly gasoline plus a small amount of battery power; these will make up more than 40 percent of the global fleet by 2040. Vehicle downsizing could account for more than one-third of total projected fuel economy improvements through 2040. —ExxonMobil Outlook.
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