Sentences with phrase «surge in vehicle efficiency»
One of the most important is the sudden surge in vehicle efficiency; new CAFE standards pushed by the Obama administration will increase the combined fuel efficiency of cars and light duty trucks to 54.5 miles per gallon by 2025.
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A surge in electric vehicle sales and higher efficiency in internal combustion and jet engines are expected to slow demand growth for fuels such as gasoline, diesel and aviation fuel in the coming decades, potentially putting pressure on refining profits.