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
Providing the recharging infrastructure will require roughly an additional $50 billion. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Consumers will be required to pay more for EVs, currently at least $15,000 more than an equivalent conventional vehicle.
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