Remove 2020 Remove Cost Of Remove Gasoline-Electric Remove Oil
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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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Provisional 2030 economic impact of achieving the 2020 targets in the two Phase I scenarios—Current Policy Initiatives and Tech 1— compared to baseline. In the second scenario, Tech 1, cars and vans achieve slightly higher efficiency levels in 2020 and continue along a similar trajectory of around 3% annual improvement.

Cost Of 261
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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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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 continued his calls for the oil industry to increase refinery capacity to increase production. As of 10 June, EIA reported 93.7%

Congress 259
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Big Oil Betting On Electric Vehicles

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

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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 2020.

2019 186
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Navigant forecasts US military spending on non-tactical alt drive vehicles to more than double to $926M by 2020 from 2013; 11.4% CAGR

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Non-tactical vehicle spending by alternative drive type, US Department of Defense: 2013-2020. compound annual growth rate (CAGR) almost from more than 81 million gasoline gallon equivalents (GGEs) in 2013 to just fewer than 70 million GGEs in 2020 due in part to increased use of alternative fuel vehicles. Click to enlarge.

2013 246
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. —EIA Administrator Adam Sieminski.

2020 150
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SOFC-maker Bloom Energy announces initial strategy for hydrogen market entry; partnership with SK

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This expansion of our product offering enables zero-carbon electricity and transportation solutions. Bloom Energy announced in June 2019 that its fuel cells could run on hydrogen to generate zero-carbon electricity. By the end of 2020, Bloom expects to ship a 100 kW pilot server to South Korea to power an SK E&C facility in early 2021.

Hydrogen 386