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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. —Joseph McMonigle, secretary general, IEF.

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NREL announces $18M investment in 9 new projects to advance medium- and heavy-duty natural gas vehicle technologies

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The selected projects will focus on reducing the total cost of ownership of NGVs, increasing vehicle efficiency, decreasing local air pollution, and advancing technology development to increase the use of more affordable medium- and heavy-duty natural gas engines and vehicles. Cummins Inc.

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

Who said EVs are not affordable? Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. According to S&P Global registration data, Hyundai was the fourth best-selling EV maker in 2024, with 51,411 electric cars delivered, or 4.5%

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GE researchers developing at-home chilled natural gas refueling station for NG vehicles

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GE researchers, in partnership with Chart Industries—a global manufacturer of standard and custom-engineered products and systems for cryogenic and heat transfer applications—and scientists at the University of Missouri, have been awarded $1.8 The total cost of the 28-month program will be approximately $2.3

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IEA: Decisive action by governments is critical to unlock growth for low-carbon hydrogen

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Currently, global production of low-carbon hydrogen is minimal, its cost is not yet competitive, and its use in promising sectors such as industry and transport remains limited—but there are encouraging signs that it is on the cusp of significant cost declines and widespread global growth, according the IEA’s Global Hydrogen Review 2021.

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Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

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According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. A major factor has always been the cost of battery packs.

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UK study concludes cumulative global sales of EVs could reach 30M units by 2050, or 1.5% of projected global car parc; decisive global action required

Green Car Congress

of the global car parc (2 billion units) projected for then. of the global car parc (2 billion units) projected for then. “Without decisive fiscal and investment policies on a global scale, private road transport’s absolute volume and share of greenhouse gas emissions will continue to rise.”

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