However, all is not lost for the environment. The NPC believes that the ongoing technological advancements in lightweight materials, improved aerodynamics and drivetrain electrification could see the fuel economy of internal combustion engine vehicles improve by 60 to 90% over the next four decades.
The report also commented that it is too early to pinpoint the fuel of the future and hence recommends that a broad portfolio of technology options should be pursued and supported. Hence, oil producing nations can rest assured that their export will still be in hot demand for a long time to come.
The National Petroleum Council is an American advisory committee representing oil and natural gas industry views to the Secretary of Energy.