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Fuel economy gains stem demand growth

  • Improving new-car fuel economy will enable energy demand to peak in the 2020s, even as total miles traveled increases significantly to 2040
  • Out to 2040, energy demand decreases in the OECD more than it increases in the non-OECD, driving down global LDV energy demand 
  • Although energy demand peaks, personal mobility continues to increase globally as total miles traveled by all cars, SUVs and pickups rises to almost 14 trillion in 2040 
  • About two-thirds of energy savings reflect more efficient internal combustion engines, with the balance resulting from adoption of hybrid or electric vehicles