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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. The growth reflects an expected 90% increase in electricity use, led by developing countries where 1.3 Source: ExxonMobil.

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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

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EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix. Light-duty vehicle miles traveled increases by 20% in the Reference case, growing from 2.9 trillion miles in 2018 to 3.5

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation. LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2012 to 12.1 Source: EIA.

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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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The relative shift away from motor gasoline to diesel is driven by improving light-duty vehicle fuel economy and the growth in commercial transportation activity. Fuel for aviation and marine will increase about 75% and 90%, respectively, over the Outlook period, with their combined share growing from about 20% today to more than 25% by 2040.

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800 buses with China Yuchai hybrid and LNG engines ordered for Fushun City

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Out of the 800 new buses ordered, 600 buses were installed with GYMCL’s gas-electric hybrid engines with the remaining 200 buses running on GYMCL’s liquefied natural gas engines. The engines produced by GYMCL range from diesel to natural gas and hybrid engines.

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US LDV Sales Down 34.4% in April; Hybrid Sales Down 45.5%

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Reported US sales of light-duty vehicles in April dropped 34.4% Sales of passenger cars dropped 34.2% to 432,939 units, while sales of light trucks dropped 34.5% Passenger cars continued to expand their market share against light trucks in April, with a 52.8% Sales of cars were down 28.8% US LDV SAAR.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

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Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Passenger car sales dropped 10.6% to 554, 527 units, while light truck sales dropped 14.1% Hybrids had an especially good month, with reported sales jumping 31.8% General Motors.