article thumbnail

Fuel economy measures could cut Commonwealth countries’ cumulative oil bill by US$3.2T through 2050

Green Car Congress

Focusing on Kenya, Dr. Fulton warned that with rapidly increasing motorisation, that country’s total fuel bill could reach $75 billion by 2030 with devastating consequences for the country’s economy. Countries should implement a fuel economy labeling system, based on the tested score of each model available in the market; Send price signals.

article thumbnail

The Global Outlook of Electric Vehicles

Blink Charging

With this increase in demand came an equally steep rise in the price of the metals used in the manufacturing of EV batteries – particularly lithium – which the IEA’s report says is a significant challenge to the EV industry. The federal US government has expanded its electric vehicle tax credits for new and used EVs.

article thumbnail

Pike Research forecasts global geothermal power capacity could more than double by 2020; US to lead world in geothermal power capacity through 2020

Green Car Congress

Currently the vast majority of capacity is concentrated in just seven countries, but additional support from global financial markets and enhanced regional cooperation by institutions such as the World Bank and ARGeo, in Africa, will drive the development of new capacity in promising markets such as Kenya, Indonesia, and Turkey.

2020 186
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. billion, helped by the recovery in sector share prices between mid-2012 and March 2014, and by the popularity with investors of US “yieldcos” and their European equivalents, quoted project funds.

2014 150