article thumbnail

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

Green Car Congress

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. “ —Gabriel Collins.

article thumbnail

Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

For the last 18 months, a fleet of 6 methanol-fueled versions of the Geely Emgrand 7 cars have been in Iceland. The methanol fleet test is a collaboration between Geely, CRI and Brimborg, a local dealership and automotive service provider. liter, 127 hp engine which can run on both 100% methanol (M100) and gasoline.

Iceland 170
article thumbnail

Daimler and Geely to collaborate on a highly efficient powertrain system for hybrid applications

Green Car Congress

By 2039, our ambition is a completely carbon-neutral new passenger car fleet. To this end, we are systematically converting our portfolio, so that by 2030 more than half of our passenger car sales will be comprised of plug-in hybrids or purely electric vehicles.

Hybrid 290
article thumbnail

UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

Green Car Congress

Turnover of the US fleet under the three models of penetration. A less aggressive approach yielded fleet turnover rates of 60% or more for most countries, while a moderately aggressive approach yielded fleet turnover rates of more than 80% for most countries. Turnover of the Chinese fleet. Click to enlarge.

Fleet 218
article thumbnail

IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

Green Car Congress

IDTechEx’s latest master electric vehicle report “ Electric Vehicles: Land, Sea & Air 2022-2042 ” finds 35.7 million electric vehicles (EV) were sold in 2021 and predicts this will rise to more than 74 million by 2030. Source: IDTechEx - “Electric Vehicles: Land, Sea & Air 2022-2042”. Electric Trucks - 4.3

Market 150
article thumbnail

BYD and Hertz partnering on EV rentals in China

Green Car Congress

As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies. The BYD e6 has been in use in Shenzhen taxi fleets for more than a year; the first fleet of 50 e6 taxis have now surpassed 2.5 BYD’s share price fell 14.3% in October 2009.Behind

BYD 225
article thumbnail

ICCT provides policy update on proposed China Phase 4 fuel economy regulations

Green Car Congress

The proposal was published on 21 January 2014 by the Chinese Ministry of Industry and Information Technology (MIIT). Comparison of overall and annual average fleet fuel consumption reduction rates under proposed or enacted standards across regions. 100km (34 mpg US) in 2015. 100km (34 mpg US) in 2015. Source: ICCT. Click to enlarge.