The number of vehicles in the world is expected to grow from one billion in 2012 to 1.6 billion in the next two decades. The market is still expected to be dominated by oil, but advances in technology are not only increasing fuel efficiency in conventional vehicles, but are leading to a range of new energy sources.

TRANSPORTATION is one of the largest consumers of the world’s energy. But it is almost totally reliant (95 per cent) on petroleum-based products, such as gasoline and diesel, in today’s market. The one exception is electrified railways.

Petroleum products can be stored easily and efficiently used in the internal combust...

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Dr. Carole Nakhle
Despite the projected 60 per cent increase in vehicles over the next 20 years, energy consumption in transport is forecast to grow only 26 per cent
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