Australia’s transport fuel mix will substantially change in response to the increasing cost of oil and the need to reduce greenhouse gas emissions, according to a report produced by the Future Fuels Forum (FFF) and released today in Melbourne by CSIRO, Australia’s national science agency.
Modelling for the report indicated that over the next ten years, electricity (used in all-electric, plug-in hybrid and conventional hybrid vehicles), liquefied petroleum gas (LPG) and natural gas (particularly in freight) will be the first fuels to expand their use, particularly if there is an abrupt decline in the availability of international oil supplies. The modelling found that if oil production peaks, prices could climb as high as A$8 per liter (US$29.26/gallon) by 2018 in the most extreme case.
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