The low duty vehicles (LDV) market in OECD Pacific is driven by Japan, with a unique share of small cars and a fuel consumption average of 6.45 litres/100 km in the new car fleet. Other countries in the region typically drive larger cars, and incentives to encourage smaller cars will be crucial. The LDV stock is projected to grow by a factor of 1.4 to 119 million vehicles. While 94% of all LDVs use petrol today, electrified vehicles will play a key role, especially in Japan’s well suited small cars, in reducing energy demand. By 2050, 35% of total transport energy is covered by electricity and 25% by bio fuels.
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