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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.

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Kandi electric car open to US orders August 18, with $20,499 starting price

Green Car Reports

When will electric vehicles be priced as low as comparable gasoline vehicles—or even lower than them? And while most brands haven’t yet scaled up and cut battery costs to the point where they can reach that affordability point, a Chinese import called Kandi.

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Geely testing Emgrand methanol hybrid sedan in -40 C conditions

Green Car Congress

F) Arctic conditions in the frigid northern Chinese province of Heilongjiang. naturally aspirated methanol engine providing 97kW (130HP) of power and 175 N·m of max torque together with an electric motor providing 100kW (134HP) of power and 320 N·m for a combined 272kW (364HP) and 495 N·m of torque. The sedan houses a 1.8L

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

However, Battery Electric Vehicles (BEVs) are not driving growth as they historically have done. While we’re seeing a clear decline in demand for diesel models, drivers are opting for gasoline alternatives, rather than switching to electric.” This comes despite the ongoing geopolitical tensions across the continent.”

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EV Battery Cell & Pack Prices Dropping At Surprising Rate

Get Electric Vehicle

Battery prices have dropped dramatically over the years, and though there may be some fluctuations it appears that they will continue to do so at a rapid pace. According to Bloomberg New Energy Finance’s annual battery survey, annual battery pack prices fell 6% from 2020 to 2021. Prices in Europe are 60% higher.

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Volvo S60 Ending U.S. Production, Sales

The Truth About Cars

But it has likewise been eliminating gasoline models, contributing to the steepening sales decline. While Volvo claims to still be going all-electric by 2030, it still produces a fair number of vehicles that are at least partially reliant on the combustion engine.

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CMU, Ford, Drexel study suggests Chinese more receptive to adopting BEVs than Americans, regardless of subsidies

Green Car Congress

Results from a study by a team from Carnegie Mellon University, Ford and Drexel University suggest that Chinese consumers are more receptive to adopting battery-electric vehicles (BEVs) than their American counterparts, regardless of subsidies. Low-range PHEVs compete most strongly against their gasoline counterparts in both countries.

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