Remove Affordable Remove Cost Of Remove Industrial Remove Oil
article thumbnail

Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

article thumbnail

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.

Price 416
article thumbnail

Eaton to develop affordable home refueling station for natural gas vehicles; liquid piston technology

Green Car Congress

Eaton Corporation will develop an affordable home refueling station for natural gas vehicles, utilizing existing natural gas sources in the home and innovative compressor technology. The goal is to develop a production prototype for refueling stations that will retail for about one-tenth of the cost of currently available systems.

Eaton 322
article thumbnail

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). Sargas is fortunate in being able to partner with best-in-class industrial giants including DSME of Korea. Source: Sargas.

Oil 220
article thumbnail

CARB releases 2022 draft Scoping Plan update

Green Car Congress

Action in the transportation sector will be buttressed by an acceleration of adding more clean, affordable, and reliable renewable energy to displace fossil-fuel fired electricity generation and scaling up new options such as hydrogen and renewable gas for hard-to-electrify end uses. Phase out oil and gas extraction operations by 2045.

article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

billion, as the world’s population grows and more people in developing economies are able to afford cars. This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries. China will see the largest increase—more than 4 million oil-equivalent barrels per day.

Oil-Sands 309
article thumbnail

Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

Additionally, major automakers are investing heavily in R&D to develop affordable and high-performing electric vehicle models specifically designed for the Indian market. One of the main challenges is the high upfront cost of electric vehicles. Currently, electric autos are generally more expensive than their gasoline counterparts.

India 98