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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. OECD electric light-duty vehicle stocks increase from 3.5 Light-duty vehicles. million vehicles in 2018 to 269 million in 2050.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.

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INFINITI to build five new models in China and electrify its portfolio

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INFINITI will offer a mix of pure electric vehicles (EV) and e-POWER vehicles, demonstrating the full range of low-emission vehicle technology available to INFINITI as the premium brand of Nissan Motor Company. In Beijing, INFINITI will unveil its all-new INFINITI QX50 premium SUV for the first time in Asia. Earlier post.)

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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

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The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. The project will run for five years, with an estimated completion date of December 2017.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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The oil industry has yet to recover from an unprecedented two-year drop in investment in 2015-2016, and the IEA sees little-to-no increase in upstream spending outside of the United States in 2017 and 2018. Boosted by economic growth in Asia and a resurgent petrochemicals industry in the United States, global oil demand will increase by 6.9

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Cooperation between Daimler and Renault-Nissan Alliance deepening in 2016

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One major milestone of the past year includes the EV versions of the new smart fortwo, smart cabrio and smart forfour (Electric energy consumption: 13.1 – 12.9 EV versions of the smart fortwo, smart cabrio and smart forfour (Electric energy consumption: 13.1 – 12.9 kWh/100 km; CO2 emissions, combined: 0 g/km). Earlier post.)

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