U.S. foresees gas-powered vehicles dominating through 2040

Washington — – The Energy Department is predicting gasoline-powered vehicles will continue to dominate the market through 2040.

The Energy Information Agency said in a report Tuesday that it also predicts a big rise in the fuel economy of the nation’s cars and trucks. It predicts the fuel efficiency of the nation’s cars and trucks will rise from 21.5 mpg in 2012 to 37.2 mpg by 2040. Overall energy consumption by the nation’s transportation sector is expected to fall by about 4 percent.

The agency predicts that in 2040, 78 percent of all cars and trucks will run on gasoline, down from 82 percent last year. It predicts a big upswing in micro-hybrids and other advanced fuel technologies to 42 percent of all vehicles by 2040. EIA predicts full hybrids will account for 5 percent of vehicles in 2040 — up from 3 percent today. Diesel vehicles will double to 4 percent from the current 2 percent.

It predicts just 1 percent of total sales will be plug-in hybrids and 1 percent full electric vehicles in 2040.

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