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
Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Assuming that this cost increment could be reduced by 50% by 2020, then the additional spending on electric vehicles until 2020 would be about $230 billion. These costs would need to be carried by the consumers or, to the extent that they are subsidised, by governments.
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