The Volkswagen scandal could signal the definitive collapse of diesel and the resurrection of petrol and hybrids.
This is supported by Credit Suisse which, in the context of a report entitled "Oil Sense: Spotlight on Diesel”, analyzes the past and present trend of diesel, announcing a less rosy future.
Although diesel was seen as the engine of the future in the oil market, globally the growth of the petrol engine has proven to be faster. Now that diesel's image seems suddenly compromised by the German investigation into one of the world's leading automakers, petrol's looks brighter than ever.
But there's more why the development of hybrid and electric vehicles, a return to petrol and an increasingly expensive and less efficient diesel are all trends recorded by the data, even before the explosion of the Volkswagen case.
It seems clear at this point, according to Credit Suisse, that in the next few years the strength of petrol will definitively prevail over the weakness of diesel.
VW's recent emissions scandal casts serious doubts on the clean diesel concept and without it, the prospects get darker day by day.
According to an analysis by Exxon, the need for energy from cars will grow by 10% from 2010 to 2025. Thereafter, a 5% decline is expected until 2040, while the sale of cars is even expected to double. In this context, the demand for petrol should explode, while that for diesel will depend precisely on the concept of "clean diesel" that the Volkswagen scandal has seriously jeopardized.
