94% of the world's cars will still depend on oil until 2040

ArabiaWeather.com- 94% of cars around the world will still burn fossil-fuel-based oils “ oil ” by 2040, according to a report by the Organization of the Petroleum Exporting Countries (OPEC).

In its monitoring report on oil around the world, the organization indicated that battery-powered cars will not obtain a large share of the market in the near future, unless a technological breakthrough occurs. Electric cars will account for only 1% of total car sales by 2040.

The report revealed that there is little demand for cars based on alternative energy, based on hydrogen and natural gas; As a result of the high costs and the lack of fuel stations designated for these vehicles.

According to the organization's report, hybrid cars will have 14% of the market by 2040. OPEC sees hybrid cars as part of fuel-powered cars. It works mostly on gasoline.

The segment of fully electric cars is still small in the total car sales market around the world, despite its growth and increased demand for it.

And the dependence of cars on oil after 25 years will increase by 17%, according to the “OPEC” report; Because of the significant increase in demand for oil in China and India.