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Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

Green Car Congress

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

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TransCanada terminates Energy East Pipeline and Eastern Mainline projects

Green Car Congress

TransCanada Corporation is halting the application process for its proposed Energy East Pipeline and Eastern Mainline projects in Canada. million barrels of crude oil per day from Alberta and Saskatchewan to the refineries of Eastern Canada and a marine terminal in New Brunswick.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

Perspective by Chris Hill, Manager, Central Fleet for the City of Hamilton, Ontario, Canada, and author of Hamilton’s Green Fleet Implementation Plan. [Mr. Hill is currently chair of the Ontario Chapter of NAFA Fleet Management Association, and a Green Party candidate for Canada’s Parliament in the next general election.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. ” The team suggests that this may be the last extension for the credit.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

With a strong exit to 2014, and gasoline prices currently plunging, consumers may feel even more positive throughout 2015. Light vehicle sales in Canada set an annual record in 2014 that is scheduled to be broken once again in 2015. The IHS Automotive US light vehicle sales forecast for 2015 is 16.9 million units. million units.

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Norweign Drivers switch to Electric Cars

EV Report

25 per cent consumption tax that is charged on most consumer goods are extra charged with purchase tax. But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. In Norway, most cars are imported.