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Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Solar alone is expected to increase 39% from 2023 thanks to continual increases in generating capacity.

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

Baua Electric

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. It’s part of a broader shift toward wind and solar that’s been underway for some time. Offshore wind farm And as noticed by Ars Technica , the U.S. per gallon.

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CMU study finds that coal retirement is needed for EVs to reduce air pollution

Green Car Congress

Electric vehicles charged in coal-heavy regions can create more human health and environmental damages from life cycle air emissions than gasoline vehicles, according to a new consequential life cycle analysis by researchers from Carnegie Mellon University. That’s why the shift away from coal is so important for EVs. Jeremy Michalek.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

A combination of falling demand, lower prices and a rise in cases of non-payment of bills means that energy revenues going to governments and industry are set to fall by well over $1 trillion in 2020, according to the report. Today’s investment trends are clear warning signs for future electricity security. —Dr Birol. —Dr Birol.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.

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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s.

Global 52
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Australian Government establishes A$300M fund to support hydrogen projects

Green Car Congress

Catalyze the hydrogen industry to accelerate the deployment of large-scale renewable energy hydrogen technologies, including demand-side projects to achieve price discovery, increase transparency of current and projected economies of scale, and increase skills and market knowledge.

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