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. Providing the recharging infrastructure will require roughly an additional $50 billion. But vehicle-miles travelled usually tend to rebound as consumers become accustomed to the new level of price or as the economy recovers.
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