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Transportation - Background on transportation sector and current fossil fuel consumption 2 Items
The U.S. burns 13 million barrels of oil a day for transportation. Most of this oil powers cars and light trucks. By 2050, the U.S. is expected to burn upwards of 17 million barrels of oil a day for transportation alone.
Automakers' profit margin typically hangs around 1% (in the U.S., 0.4%), far below the oil industry’s. The 2007–2008 global financial crisis sharply cut sales of new vehicles and the financial stability of the U.S. Big 3 auto manufacturers (Ford, General Motors, and Chrysler).