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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

These high prices result from uncommonly large fixed costs that are bundled into kilowatt-hour prices and passed on to customers. In 2019, more than a quarter of California IOU customers were enrolled in the CARE program. What Californians pay is much higher than the true marginal cost of using electricity.

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Tesla Model 3 price cuts puts new car cheaper than some used Model 3s

Teslarati

The Tesla Model 3 price cuts have put the cost of a new base Tesla Model 3 lower than that of some used Tesla Model 3s in some cities. due to the recent price cuts. The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced.

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Chevy Bolt EV and EUV see dramatic price cuts amidst surging EV prices

Teslarati

General Motors-owned Chevrolet rolled back prices of the new model year versions of the Bolt EV and EUV by $5,900 and $6,300, respectively, despite electric vehicle costs increasing due to materials and parts shortages. As we’ve said, affordability has always been a priority for these vehicles.”. I’d love to hear from you!

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Electric vehicles Prices May Drop Soon, and Here’s Why

Get Electric Vehicle

Customers who choose electric power and financial benefits may use the declining cost of new electric vehicles. What Drives The Price Drop. The increased competition in this market is a major factor in prices falling. The increased competition in this market is a major factor in prices falling. Increased Competition.

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6 Best Electric SUVs and Crossovers (and how they’re changing the cost of driving)

EV Life

In addition to the mounting costs of gasoline, our love of SUVs is also costing the planet in terms of carbon emitted by sports utility vehicles (compared to more efficient sedans and hybrids.). Here are the 6 best electric SUVs and crossovers in 2019, priced high to low. Let’s face it. Jaguar I-PACE.

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Study finds shifts to renewable energy can drive up energy poverty

Green Car Congress

McGee said that in nations such as the United States where fossil fuel energy is substituted for renewable energy as a way to reduce carbon emissions, it comes at the cost of increased inequality because the shift to renewable energy is done through incentives such as tax subsidies. —Julius McGee. 2019.05.024.

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