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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. ” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region.

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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Economic Impact Study Finds Grid-Enabled Vehicle Policies in Electrification Coalition Roadmap Would Result in Substantial Economic Benefit for US

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By 2030, the typical US household’s annual income would rise by $2,763 (2008 dollars). trillion (2008 dollars) in aggregate income—money that can be saved or spent on other goods and services. Oil Imports. US crude oil and petroleum product imports would fall sharply, by 3.2 Global Demand for Oil.

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Toyota Plug In

Plug In Partners

Japan and Europe by 2010 By Yuri Kageyama, The Associated Press June 11, 2008 TOKYO -- Toyota is introducing a plug-in hybrid with next-generation lithium-ion batteries in the U.S., Lithium-ion batteries , now common in laptops, produce more power and are smaller than nickel-metal hydride batteries used in hybrids now.

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

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Bubble chart of plausible mainstream PHEV buyers’ battery requirements (light and dark gray circles) and experts’s requirements overlaid on a Ragone plot of NiMH and Li-ion batteries. Based on the game results, battery pack requirements would be equal to or less than 2 kWh. Kurani (2008) The Early U.S.

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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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After falling 3% in 2008 and nearly 7% in 2009, largely driven by the economic downturn, energy-related CO 2 emissions do not return to 2005 levels (5,980 million metric tons) until 2027. World oil prices rise in the Reference case, as the world economy recovers and pressure from growth in global demand continues.

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