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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

As a second step in implementing the new CO 2 regulations, as part of an early review in 2022, the scope of these standards would be extended to smaller trucks, buses, coaches and trailers. The Commission also put forward a comprehensive action plan for battery production.

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

According to the analysis, under current standards, buyers of model year 2025 vehicles would fully recoup the extra cost for technology in the vehicle in the third year of ownership under a cash-purchase scenario. Consumer benefits would be more than 3 times the costs of the standards. 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.

Available 126
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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

The outlook for oil demand differs sharply between the three scenarios, primarily as a result of the different assumptions about government policies, such as fuel efficiency standards, removal of end-user subsidies and support for alternative fuels, and the extent to which they succeed in curbing oil demand.

Oil 247