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GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. However, the amount of time taken to make up that price differential depends on the cost of fuel.

CO2 353
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EIA expects 7% increase in US energy-sector CO2 emissions as economic activity increases during 2021

Green Car Congress

Despite significant growth in energy-related CO2 emissions as the U.S. EIA forecasts an 87% increase this year in delivered natural gas prices for the electric power sector, and these higher prices will make natural gas a less competitive electricity source. Gasoline prices averaged $3.14 per gallon in August and $2.82

CO2 305
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EIA: California drought will decrease hydropower, increase natural gas use and CO2 emissions

Green Car Congress

EIA expects that level of decrease in hydropower generation would lead to an 8% increase in California’s electricity generation from natural gas, a 6% increase in energy-related carbon dioxide (CO 2 ) emissions in the state, and an average 5% increase in wholesale electricity prices throughout the West given the current system configuration.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The three countries that do not apply CO2-based taxation are Estonia, Lithuania and Poland. United Kingdom ?

Motor 284
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T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

The upside is that the private jet market is ideally suited to help bring about aviation’s Tesla moment, making hydrogen and electric planes a reality. Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene.

Emissions 418
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Montauk Renewables signs LOI with European Energy to provide CO2 for e-methanol production in Texas

Green Car Congress

The planned delivery would prevent biogenic CO 2 from entering the atmosphere and put it to beneficial use, creating a new fixed-price commodity revenue stream for Montauk. The LOI between Montauk and EE North America assists Montauk in synchronizing capital commitment timing at its Texas facilities with EE North America’s project.

Texas 370
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Toyota a winner as CO2 reduction plan introduced to parliament with less pressure on SUVs and utes

EV Central

Australia is on schedule to have a CO2 reduction scheme for motor vehicle in place by January 1 2025. Hyundai calls for more EV support under Labor’s new CO2 reduction scheme READ MORE: It’s a green light for electric vehicles! Aussie CO2 standard tough on Toyota, SUVs and utes READ MORE: Get out of the way diesel!

CO2 89