Cars & Trucks Will Double Worldwide by 2050, 69% Powered by O&G

GM, Ford, and other Big Auto companies might want to rethink their ill-advised plans to manufacture only electric vehicles beginning a few years from now based on dementia Joe's big plans to electrify everything, including transportation. Biden's own U.S. Energy Information Administration (EIA) predicts the number of "light duty vehicles" or LDVs (cars and trucks) worldwide will nearly double in the next 30 years, from 1.31 billion LDVs on the planet in 2020 to 2.21 billion in 2050. But the big news is that only 31% of all those 2.21 billion LDVs in 2050 will be electric-powered vehicles. The rest will be powered by gasoline, diesel fuel, and natural gas. Tell us again (so we can have a good laugh) about the end of fossil fuels in the next 10-15 years. 🙂

---

To view this content, log into your member account. (Not a member? Join Today!)