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

Green Car Congress

Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Electric vehicles are a powerful tool in reducing global CO2 emissions from the transport sector. Last ICE in 2038.

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European Commission proposes 15% reduction in CO2 for new heavy-duty trucks by 2025, indicative target of 30% by 2030

Green Car Congress

Following up on the EU Batteries Alliance launched in October 2017 ( earlier post ), the Battery Action Plan sets out a number of EU measures which can help Member States, regions and European industry establish competitive, innovative and sustainable battery manufacturing projects in the EU.

CO2 199
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ICCT calculates consumer benefits of increased efficiency in 2025-2030 light-duty vehicles in the US

Green Car Congress

Those who finance their vehicles will see a net positive cash flow—again, specific to the additional cost of technology—starting immediately. 4%, 5%, and 6% compounded annual reductions in CO2 targets for cars and light trucks for 2026–2030, compared against vehicles that meet the adopted 2025 targets. Fuel savings are 2.4

Light 170
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Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

Green Car Congress

New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization. This will lead to the longer-term build-out of a 1,000-acre plant to begin in 2017.

Financing 150
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Volkswagen ID. Buzz now available for order in the UK

Teslarati

VW customers that order the ID.Buzz now will get three consecutive service visits and MOT as standard, along with other offers when purchased through finance. The WLTP replaced the New European Driving Cycle (NEDC) in 2017 and measures fuel consumption and CO2 emissions from passenger cars.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

In the 450 Scenario, oil demand falls between 2010 and 2035 as a result of strong policy action to limit carbon-dioxide (CO2) emissions; oil demand peaks before 2020 at just below 90 mb/d and declines to 78 mb/d by the end of the projection period, over 8 mb/d, or almost 10%, below 2010 levels.

Oil 247