It's either a drop in the bucket or a segment with lots of room to grow. Which aspect an advanced-powertrain vehicle advocate chooses depends on how he sees the challenge that hybrids face in the marketplace. Given a new study that once again shows that, after more than ten years on sale, gas-electric models still account for just a small fraction of the global light-duty vehicles made, we're inclined to see it both ways.
Global production of biofuels soared to an all-time high of 105 billion liters (28 billion gallons U.S.) in 2010, according to research conducted by Worldwatch Institute for the website Vital Signs Online. That output represents a 17-percent increase in compared to the estimated 90 billion liters (24 billion gallons) that were cranked out globally back in 2009. Worldwatch Institute says lofty oil prices, a global economic rebound and mandates in Argentina, Brazil, Canada, China and the United St
What global recession? After falling 1.5 percent from 2008 to 2009, global oil consumption soared to an all-time high of 87.4 million barrels per day in 2010, according to the online Vital Signs report published by Worldwatch Institute. The 3.1 percent increase in consumption in 2010 easily makes up for the decline between 2008 and 2009 caused by the global economic crisis.