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
Growth is led by developing regions such as China, India, Africa and other emerging economies. Demand for oil and other liquid fuels will rise by nearly 30%, and most of that increase will be linked to transportation. This edition of the annual Outlook marks the first extension of the long-term energy forecast to 2040.
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