Global Fuel Consumption Market for Transportation Industry to Grow at a CAGR of 2.1% During 2015-2019
Fuel expense is an ongoing expense that must be considered while purchasing a vehicle. It also has a significant impact on the environment, as GHGs, particularly carbon dioxide, are produced when the fuel is burned in an engine. Government programs and local resources largely influence the demand for vehicles and fuel use. Currently, the Transportation industry is using gasoline and its blends as the major source of fuel. However, various government programs aimed at reducing fuel consumption, incentivizing the alternative...
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