The number of diesel models available in U.S. showrooms is soon to expected to double, according to one trade group, with demand for gas staying fairly flat.
Get an update on diesel models and popularity.
The Chevrolet Cruze diesel is one of a wave of new “oil-burners” coming to the U.S. market.
The number of diesel models available in U.S. showrooms is soon to expected to double, according to one trade group, and though many Americans are still skeptical about the energy-dense fuel, the increase in demand could soon lead to diesel surpassing gasoline as the most popular transportation fuel, forecasts energy giant ExxonMobil.
Where demand for gasoline will stay fairly flat in coming decades, predicts a new report, sales of diesel will rapidly grow – much of that increase driven by the commercial vehicles sector.
The study also sees a growing role for hybrid-electric transportation, though even combined with plug-ins and pure battery-electric vehicles, or BEVs, ExxonMobil envisions “electrified” vehicles will still account for less than half of the global market by 2040.
Diesel will surge past gasoline as early as 2020, and continue to gain share for at least another two decades, forecasts the company’s new study, “Outlook for Energy: A View to 2040.” Over the more than a quarter century covered by the report, diesel demand is expected to account for 70% of the growth in all transportation fuels.