Remove Economy Remove EPA Remove Oil Remove Saudi Arabia
article thumbnail

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

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

article thumbnail

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.

Obama 218
article thumbnail

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. Lucid plans additional factories in Europe, China and Saudi Arabia. ton luxury sedan? The now-public company, flush with $4.5

Miles 145