|SThe reason for diesel-fuel demand growth has
been the result of a shift by car buyers from gasoline to diesel-fueled
vehicles.† Diesel-fueled vehicles are
about 35% more efficiency than gasoline-fueled vehicles, which allows Europe
to help reduce its transportation-fuel demand.
|SUsing various tax and purchase incentives,
Europeís diesel-fueled vehicle sales have seen a rapid penetration in recent
years.† European new car registrations
went from just over 20% in the mid 1990ís to almost half of the new car sales
today.† This compares to 1-2% in the
|SHowever, the shift from gasoline to diesel has
been occurring over many years, which set the stage for the recent surge over
the last seven years.† That is,
European customers were already accepting and using diesel-fueled vehicles
and manufacturing and distribution facilities were in place.