article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Based on preliminary economic activity and energy data, Rhodium Group estimates that greenhouse gas (GHG) emissions in the US slightly increased in 2022, rising 1.3% Outside of the power sector, emissions increased slightly. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. below 2005 levels.

Emissions 273
article thumbnail

Brattle Group: electric power sector investments of $75B – $125B needed to support projected 20M EVs in US by 2030

Green Car Congress

Electric vehicles (EVs) will be a major disruptor for the US electric power sector, with the number of EVs in the US projected to increase from 1.5 Total annual gasoline savings of $12 billion/year translates to an 8.6-year million in 2020 to 10–35 million by 2030. year societal payback period for the investment.

Power 243
article thumbnail

Gevo and HCS Group to produce renewable low-carbon chemicals and sustainable aviation fuel in Europe

Green Car Congress

and HCS Group GmbH, a long-time customer of Gevo, have signed a project memorandum of understanding (MOU) to develop and to build a renewable hydrocarbon facility at HCS Group’s site located in Speyer, Germany, which would utilize Gevo’s low-carbon sustainable aviation fuel (SAF) technology: Alcohol-to-Jet Synthetic Paraffinic Kerosene.

Renewable 303
article thumbnail

BMW Group makes sustainability and efficient resource management central to its strategic direction

Green Car Congress

The BMW Group is making sustainability and resource efficiency central to the company’s strategic direction. I firmly believe the fight against climate change and how we use resources will decide the future of our society—and of the BMW Group. As a premium car company, it is our ambition to lead the way in sustainability.

BMW 259
article thumbnail

Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

Green Car Congress

Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. The ReFactory aims to achieve a negative carbon balance by 2030—an objective in line with the Group’s ambition to achieve carbon neutrality in Europe by 2050.

Economy 397
article thumbnail

Student-built hydrogen Le Mans style prototype beats gasoline-powered cars in Supercar Challenge race

Green Car Congress

The “Forze VIII”, a hydrogen fuel cell Le-Mans-style prototype, became the first hydrogen-electric vehicle to beat gasoline-powered cars in an official race. In a field of 43 gasoline-powered race cars, the hydrogen race car started the last race of the weekend from the fourth position.

Gasoline 345
article thumbnail

Ideanomics’ Mobile Energy Group and Petro China partner to develop clean energy fuel stations in Nanjing

Green Car Congress

and its strategic Mobile Energy Group (MEG) announced a strategic partnership with the China National Petroleum Corporation Nanjing (CNPC or PetroChina) to begin converting existing fossil fuel gas stations in the city of Nanjing. We are very pleased to be working with Ideanomics’ MEG Group. Ideanomics Inc.

Clean 275