Low fuel prices not deterring production of high-mileage cars

While the world faces low fuel prices, automakers fear that the time, effort and money spent to make cars more fuel efficient, like the much talked-about aluminium F-150, could be a complete waste, analysts paint a different picture for the future of liquid fuels.

The North American International Auto Show at Cobo Convention Center in Detroit is displaying the all new F-150 and demonstrates how it is welded and major automakers are still aiming to launch more high mileage vehicles pointing towards the trend that current low oil prices are not dictating the terms for future vehicles just yet.

The reason automakers are continuing to produce more fuel-efficient and electric cars is two-pronged. Firstly, oil prices are unpredictable and the current prices highly unstable and future decisions cannot be based on them and secondly, high mileage or electric cars have become more than just a money-saving mode but rather a lifestyle choice.

The U.S. Energy Information Administration and the International Energy Agency have released energy usage forecast which shows that the oil consumption in developed countries are falling despite population.

Moreover, the auto show revealed that now clean motor technology is becoming cheaper and more competitive with standard engines allowing people to migrate to cleaner energy more easily. If this trend continues, high-mileage vehicle will become the obvious preference independent of what the oil prices might be at the time.