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In 2010, the global transport sector consumed about 2,200 million tons of oil equivalent. About 96% of this amount came from oil. It shows that more than 60% of the oil consumed globally goes to the transportation sector. Road transport accounts for the bulk of the transportation energy consumption. The light-duty vehicles (LDVs), including light trucks, light commercial vehicles, and minibuses accounted for about 52%. World Energy Council (WEC) has re-examined the future of the transport sector by building Global Transport Scenarios to 2050 “Freeway” and “Tollway.” The “Freeway” scenario envisages a world where pure market forces prevail to create a climate for open global competition. The “Tollway” scenario describes a more regulated world where governments decide to intervene in markets to promote technology solutions and infrastructure development that put common interests at the forefront. In 2050, total fuel demand in all transport modes will increase by 30% (Tollway) to 82% (Freeway) above the 2010 levels. Transport sector fuel mix will still depend heavily on gasoline, diesel, fuel oil and jet fuel.