The future for transport - with and without oil

The use of compressed natural gas as a fuel is increasing (photo: dpa)
The use of compressed natural gas as a fuel is increasing (photo: dpa)

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.

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

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