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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 continued his calls for the oil industry to increase refinery capacity to increase production.

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Kia introduces 5th-generation Sportage SUV; gasoline, diesel, HEV, PHEV

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Developed on a new architecture, the all-new Sportage will offer gasoline and diesel powertrains at market launch later this year, followed by hybrid-electric (HEV) and plug-in hybrid electric (PHEV) models. The Sportage will be launched with a range powertrains, including clean gasoline and diesel IC engine technology.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million barrels of oil demand per day.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation.

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New Nissan Qashqai in Europe to offer 12V MHEV and upgraded e-POWER powertrains

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Supporting Nissan’s goal of achieving 50% electrified sales in Europe by 2024, the new Nissan Qashqai will not only be available with a 1.3 DiG-T gasoline engine equipped with mild hybrid technology, but also e-POWER, Nissan’s non-plug-in series-hybrid electric powertrain in its European debut.

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RaboResearch: EU biofuel demand to halve by 2050

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The path toward decarbonization in road transportation in the EU will require a multifaceted approach that, besides traditional biofuels, also includes the use of renewable electricity, green hydrogen, and other advanced biofuels. By then, most of the EU vehicle fleet will already have been replaced with electric and hydrogen vehicles.

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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

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At the same time, sales growth of new light-duty vehicles will slow substantially. Oil’s monopoly as a transport fuel will erode, though it will remain a major part of the automotive landscape, the study says. However, cars powered solely by gasoline or diesel will have fallen below 50% of new cars sales by 2031.

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