Remove Auto Remove Gasoline Remove Gasoline-Electric Remove Oil
article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

Gasoline 269
article thumbnail

Yergin: overwhelming number of new car sales will be EVs in coming decades, but 2/3 of global fleet to remain gasoline-powered in 2050

Green Car Congress

Electric vehicles will make up as many as 8 out of 10 new cars sold in 2050, but it will still be a long road before they dislodge gasoline as the predominant fuel in transportation, IHS Markit Vice Chairman Daniel Yergin writes in his new book, The New Map: Energy, Climate and the Clash of Nations. It has become multidimensional.

Gasoline 170
article thumbnail

Report: Trump offered to nix EV incentives for $1B donation from Big Oil

Baua Electric

At a meeting with top oil executives at his Mar-a-Lago club last month, Donald Trump offered to reverse Biden administration environmental policies in exchange for a $1 billion donation to his presidential re-election campaign, the Washington Post reports. Oil interests contributed more than $6.4

Oil 52
article thumbnail

Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

India 98
article thumbnail

Biomass fuels: challenges and opportunities – ET Auto

Baua Electric

Lignocellulosic biomass, a renewable and abundant resource, holds great promise for sustainable production of valuable chemicals and fuels, currently derived mainly from oil. Ethanol, a renewable fuel (CH 3 CH 2 OH), is commonly blended with gasoline to boost octane levels and reduce carbon monoxide and other emissions contributing to smog.

Fuel 52
article thumbnail

T&E concludes that diesel cars emit more CO2 on a full lifecycle basis than gasoline cars

Green Car Congress

tonnes more CO 2 than an equivalent gasoline car over its lifetime due to a more energy-intensive refining of the diesel fuel; more materials required in the production of heavier and more complex engines; higher emissions from biodiesel blended in the diesel fuel; and longer mileage because fuel is cheaper. l/100 km (37.3 mpg US) and 7.1

Gasoline 220
article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

Oil 218