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EVs are avoiding about 3% of global oil demand—a fifth of Russia's total exports

Green Car Reports

Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. million barrels of oil per day last year, according to new analysis from.

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EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.

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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Just 11,000 of the over 45 million vehicles driven in Russia last year were electric, with most being used cars.

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Tesla’s Elon Musk predicts peak oil demand within next 5 years

Teslarati

Over the years, Musk has clarified on Twitter that he actually supports solutions such as nuclear energy, and amidst the Russia-Ukraine war, the CEO highlighted the need for greater oil and gas output. In a recent response on Twitter, Musk predicted that the use of oil and gas would likely peak within the coming years.

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CNPC’s first hydrogen station in Beijing in operation

Green Car Congress

As the first batch of pilot projects of CNPC in the new energy field, the hydrogen stations in operation lay a foundation for the company’s future extensive deployment of hydrogen stations and the construction of hybrid stations of oil, gas, electricity, and hydrogen. CNPC) is an integrated international energy company.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. The data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer.