Global Transport Scenarios 2050

The World Energy Council (WEC) expects that transport fuel demand in the next forty years will come mainly from developing countries such as China and India, where demand will grow by 200% to 300%. In contrast, the transport fuel demand for the developed countries will drop by up to 20%, mainly due to increased efficiencies.

The report also sets out that oil may still fuel more than 80% of the global transport sector for the next 40 years due to strong demand growth from the heavy duty sector, shipping and air traffic.