article thumbnail

Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

Green Car Congress

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

Plug-in 150
article thumbnail

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

This diversity of demand, both geographically and in terms of product mix, is an important factor, IHS Markit said, in determining the sustainability of the current cycle, which is key to keeping the oil market in balance, and supporting prices. —Eleanor Budds, principal analyst, oil markets and downstream, at IHS Markit.

Oil 276
article thumbnail

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

Green Car Congress

Costs of light-duty plug-in hybrid electric vehicles (PHEVs) are high—largely due to their lithium-ion batteries—and unlikely to drastically decrease in the near future, according to a new report from the National Research Council (NRC). PHEV-10s save only about 20% of the gasoline an equivalent hybrid vehicle would use, the report says.

Plug-in 186
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2%

article thumbnail

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
article thumbnail

Economic Impact Study Finds Grid-Enabled Vehicle Policies in Electrification Coalition Roadmap Would Result in Substantial Economic Benefit for US

Green Car Congress

By 2030, the typical US household’s annual income would rise by $2,763 (2008 dollars). trillion (2008 dollars) in aggregate income—money that can be saved or spent on other goods and services. Oil Imports. US crude oil and petroleum product imports would fall sharply, by 3.2 Global Demand for Oil. Trade Deficit.

Grid 186
article thumbnail

Toyota Plug In

Plug In Partners

Here's the story from the LA Times: Toyota promises plug-in hybrid vehicle in U.S., Japan and Europe by 2010 By Yuri Kageyama, The Associated Press June 11, 2008 TOKYO -- Toyota is introducing a plug-in hybrid with next-generation lithium-ion batteries in the U.S., Event Summary Oil prices are at record highs.

Plug-in 100