Remove 2020 Remove Cost Of Remove Gas-Electric Remove Oil
article thumbnail

Consumer Reports analysis finds EV owners spending half as much on maintenance compared to owners of gas-powered vehicles

Green Car Congress

A new analysis by Consumer Reports finds that owners of plug-in electric vehicles are spending half as much on maintenance and repair as the owners of similar gas-powered vehicles. Average maintenance/repair costs over vehicle lifetime. Average maintenance/repair costs over vehicle lifetime.

article thumbnail

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

China was the only major economy to experience economic growth in both 2020 and 2021. The numbers make clear that the global economic recovery from the COVID-19 crisis has not been the sustainable recovery that IEA Executive Director Fatih Birol called for during the early stages of the pandemic in 2020. billion tonnes. billion tonnes.

Emissions 370
article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

Oil 218
article thumbnail

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress 259
article thumbnail

Ironic Today Show segment explains tips for gas mileage while anchor sits in electric vehicle

Teslarati

The Today Show released a helpful segment during this morning’s broadcast, showing tips on how consumers can increase gas mileage as prices at the gas pump are reaching record levels. The only problem is NBC showed these tips on an all-electric Ford Mustang Mach-E. A week ago, it was $3.61, and a year ago, it was $2.77.

article thumbnail

Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

Green Car Congress

Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. Coradia iLint hydrogen trains are electric trains with a hydrogen-powered fuel cell for onboard electricity generation.

Hungary 334
article thumbnail

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. million b/d from March 2020.

2019 186