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Monday, March 6, 2023

The SUV market is fueling global oil demand, clouding CO2 targets

2022 GMC YukonA strong SUV market is leading to higher oil demand today, and may make future carbon dioxide (CO2) emissions targets harder to achieve, according to the International Energy Agency (IEA). New IEA analysis found that global CO2 emissions from SUVs reached nearly 1.1 billion tons in 2022, overshadowing increased sales from electric cars. SUVs are...

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