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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.

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Navigant forecasts MHD vehicle market to nearly double by 2035 with declining share of conventional engines; gases win out over electricity

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The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%. of the market in 2014 to 11.2%

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Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

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In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 gasoline and diesel) represent the bulk of energy consumption throughout the forecast period. —“Transportation Forecast: Global Fuel Consumption”.

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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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Transportation fuel mix in millions of oil-equivalent barrels through 2020. Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Source: ExxonMobil Outlook. Click to enlarge.

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Navigant forecasts plug-in and fuel cell vehicles to be 2.5% of all vehicles in use in 2035; global parc of >2B vehicles

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The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., Hybrid-electric and natural-gas (HEVs and NGVs) will account for almost 8% of global share, while plug-in hybrid (PHEV), battery-electric (BEV), and fuel-cell electric (FCV) together will add up to almost 2.5% Source: Navigant.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. BNEF will discuss its EV forecast in detail at its upcoming annual BNEF Summit in New York in April.

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