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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

Green Car Congress

GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. The team estimated 2015–2050 LDV sectoral carbon budgets of 44–50 GtCO 2 between the SSPs. C global warming. —Milovanoff et al.

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Ministry of Heavy Industry announced FAME India Phase II scheme extended for 2 years

Electric Vehicles India

1st April 2019, for faster adoption of electric mobility and development of its manufacturing eco-system in the country”. The FAME I ran from April 1, 2015, and was extended till March 31, 2019. The FAME II scheme had commenced on 1st April 2019 and will last until 3 years. But now it has extended up to 31st March 2024.

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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

Green Car Congress

billion (US$27 billion) in new production facilities and products in the period from 2015 to 2019. The capex ratio will be at a competitive level of between six and seven percent in the period from 2015 to 2019. In addition to spending on capex, the plans also include capitalized development costs of €21.9

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Cenovus Energys Total Bitumen Initially-in-Place Estimated at 137B Barrels; Oilsands Production Expected to Increase 5-Fold to 300,000 bpd by 2019

Green Car Congress

Cenovus’s new ten year business plan outlines how the company expects to reach bitumen production of 300,000 barrels per day (bbls/d) net to Cenovus by the end of 2019, while maintaining capital discipline. Cenovus anticipates achieving that growth at long term estimated average finding and development costs of approximately $8.00

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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress

The new IHS Markit outlook for oil market fundamentals for 2019-2021 expects total US production growth to be 440,000 barrels per day (b/d) in 2020 before essentially flattening out in 2021. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets.

Oil 170
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Baker Institute team explores hydrogen production via methane pyrolysis with co-generation and sale of carbon products

Green Car Congress

Rachel Meidl, the fellow in energy and environment at the institute’s Center for Energy Studies, and Emily Yedinak, a doctoral candidate in materials science and nanoengineering at Rice, published a new brief, “ Measuring the True Cost of Sustainability: A Case Study in a Green Energy Approach. ”. —Yedinak & Meidl.

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1.65 lakhs electric vehicles supported under the FAME II scheme 

Electric Vehicles India

MHI formulated a Scheme namely Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles India (FAME-India) Scheme in March 2015 to promote the adoption of electric/ hybrid vehicles (xEVs) in India. Phase- l of the scheme was available up to 31st March 2019. 01st April 2019 with total budgetary support of Rs.