Europe, and especially Germany, reports declining diesel dependency. From a nearly 50 percent share a few years ago, the share of diesel driven cars in Germany dropped to 31 percent in 2009. Two reasons: The favorable taxation of the oil had been scrapped. And speaking of scrapped, the “Abwrackprämie, or cash for clunkers, had favored a trend towards low displacement gasoline burners. (In January, the diesel share climbed back to 40 percent in Deutschland.) Badly mauled were the manufacturers of bio (a.k.a. “veggie”) diesel. (Read More…)
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