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PHOTO CAPTION: Toyota Camry Hybrid fueled by compressed natural gas.

Exxon Mobil Sees Half of Cars On Roads Will Be Hybrids by 2040

Energy for hybrids and alt fuels will come increasingly from natural gas, nuclear power, and renewable energy sources like wind, company predicts.

Published: 12-Dec-2011

NEW YORK — One out of every two cars will be either hybrids or some other alternative-fuel vehicle by 2040, Exxon Mobil predicted Thursday.

Hybrids, which rely on both gas and electricity for power, currently account for less than 1 percent of all vehicles on the world's roads. They should move into the mainstream as governments boost fuel-efficiency requirements, Exxon said.

Power for those hybrids, along with other vehicles and a growing number of households around the world, will increasingly come from natural gas, nuclear power, and renewable energy sources like wind, Exxon said in its closely watched annual long-term energy outlook.

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