Diesel Consumption to Exceed Gasoline by 2020, Says ExxonMobil
With heavy duty transportation demands on the rise in Asia, Europe, Latin America and the Middle East, diesel will represent 70 percent of all growth in transportation fuel demand over the next 27 years, the report says.
Meanwhile, conventional gasoline is expected to remain virtually unchanged and lose its leading place in fuel choice worldwide in just seven years, especially in Asia Pacific and Europe, while North America will continue to use more gasoline to power its means of transportation.
As far as hybrid-powered vehicle are concerned, ExxonMobil predicts that they will become less expensive and more popular by 2025, with full hybrids to make up 40 percent of the global fleet by 2040.
On the other hand, electric cars and plug-in hybrids aren't expected to jump the five percent market share over the next 27 years, despite the manufacturers' efforts in the segment.
Story via Autoblog
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