ExxonMobile's new study, “Outlook for Energy: A View to 2040,” predicts that diesel will trump gasoline as the most popular transportation fuel by 2020.
According to the oil company, diesel and gasoline combined will continue to account for more than half of the global market until at least 2040. Hybrid and electric vehicles will then take over.
Audi will launch four diesel models for 2014, while Chevrolet (Cruze), Jeep (Grand Cherokee), and Mazda (Mazda6) have all announced diesel options.
In commercial fleets, heavy-duty vehicles are expected to grow by 65% in large part thanks to emerging markets such as China, India, and Brazil. And those will overwhelmingly depend upon diesel fuel.
ExxonMobile also envisions that natural gas will see its share among transportation fuels quadruple by 2020 -- from 1% to 4% of the global market.
Source: The Detroit Bureau
According to the oil company, diesel and gasoline combined will continue to account for more than half of the global market until at least 2040. Hybrid and electric vehicles will then take over.
Audi will launch four diesel models for 2014, while Chevrolet (Cruze), Jeep (Grand Cherokee), and Mazda (Mazda6) have all announced diesel options.
In commercial fleets, heavy-duty vehicles are expected to grow by 65% in large part thanks to emerging markets such as China, India, and Brazil. And those will overwhelmingly depend upon diesel fuel.
ExxonMobile also envisions that natural gas will see its share among transportation fuels quadruple by 2020 -- from 1% to 4% of the global market.
Source: The Detroit Bureau