US DoE: 78 Percent of Cars Sold in 2040 Will Be Gas-Powered

Toyota PriusIf you're looking forward to the day when electric cars rule the roads, you probably won't like what the US Department of Energy has to say. The organization's Energy Information Administration (EIA) is forecasting that the vast majority of cars will still use gasoline in the year 2040. According to the group's 2014 Annual Energy Outlook, a staggering 78 percent of light duty vehicles will still be sold with gasoline engines in that year, compared to just one percent plug-in hybrids, one percent full electric vehicles, and just five percent standard hybrid engines like the one popularized by the Toyota Prius. The reason appears to be that manufacturers would rather build advanced gasoline engines than drastically change their vehicle lineups, and the EIA predicts that tech which empowers more efficient gasoline engines will be a big deal. Read the full story at The Verge.