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
Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion. A rise in fuel prices (whether caused by higher prices on international markets or a rise in domestic prices) or a drop in incomes (such as during the global financial crisis) can lead to short-term changes in behaviour. —WEO 2011.
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