Gas-powered vehicles will remain dominant on the road in 2040 according to a report by the U.S. Energy Information Agency.
Despite hybrids and electric vehicles growing in popularity, the agency believes 78 percent of vehicles on the road in 2040 will still run on gasoline. Last year, 82 percent of the vehicles on U.S. roadways were powered by gas. In addition, the report states that diesel-powered vehicles will double by 2040 from two percent to four percent.
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Most importantly, it is believed that the average fuel economy of vehicles on the road in 2040 will be 37.2 mpg, up from the current 21.5 mpg. As for gasoline prices, the government may be a bit on the optimistic side. It believes that unleaded gasoline will cost $3.90 a gallon in 2040 while diesel will rise to $4.73 a gallon.
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