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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 per gallon, EV penetration in the US could reach 6% of the light-duty vehicle fleet by 2020, whereas with gasoline at $3.34, the EV share could be 9%. Saudi Arabia burns up to 900,000 barrels of oil per day to generate over 50% of its electricity.

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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. The EPA also set the 2010 RFS volume standard at 12.95 President Obama. per gallon.

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Behind the Wheel, Under the Hood of World’s First 500-Mile EV

Cars That Think

But its technological advantages are settled: With an EPA-rated range of up to 837 km ( 520 miles ), the Lucid Air sedan can travel farther on a charge, and charge faster, than any EV in history. The result is class-best mileage of 131 mpge, or the electric equivalent of one gallon of gasoline. ton luxury sedan?

Miles 145