article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. Global climate ambitions, however, are unlikely to be downgraded and will continue to support the path ahead for EVs over the longer term.

Gasoline 269
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: Climate Change: This may be the one global megaforce that directly impacts all others. The three nexuses are linked by climate change.

article thumbnail

US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.

2006 150
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

article thumbnail

Interview with Chris Paine in the Whole Life Times

Revenge of the Electric Car

The Whole Life Times just published an Interview with Chris : The Electric Car Returns (and This Time It’s Personal). January 2009 | Conversations The Electric Car Returns (and This Time It’s Personal). Q: When gas prices went up, people started driving less, and interest in EVs soared. Chris Paine in the Whole Life Times.

EV1 100
article thumbnail

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

I haven’t heard any discussion of hydrogen since the Bushadministration was getting ready to leave,” said Dan Becker ,director of the Safe Climate Campaign , a group in Washingtonthat works for environmentally “clean” cars. “It Oil prices are going to go up. It looks likehydrogen has lost at this stage.”

Obama 53