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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

Purchase 299
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GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. Higher prices at the pumps mean EVs make up their extra purchase cost sooner, while lower fuel prices see ICE cars remain cheaper than EVs for longer.

CO2 353
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ZEEP to purchase Eastman TXE gasification project in Texas; Coke to H2 and CO2

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a subsidiary of Eastman Chemical Company, to purchase all of the membership interests of TX Energy, LLC (TXE). Carbon dioxide produced from the facility will be captured and used to boost oil production in fields near Beaumont and through an existing CO2 pipeline network. Zero Emission Energy Plants Ltd. —Ron Oligney, ZEEP CEO.

CO2 199
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Mercedes-Benz to source CO2-free electricity in Germany from solar, wind and hydropower from 2022 onwards

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From 2022 onwards, the company will purchase electricity in Germany which comes exclusively from renewable sources. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. The first Mercedes-Benz locations are already being supplied with this CO 2 -free electricity.

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BMW Group secures CO2-reduced steel for global production network

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—Joachim Post, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. This will reduce the carbon footprint of our supply chain by 900,000 tonnes per year, while at the same time driving the transformation of the steel industry.

BMW 444
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Norwegian Post becomes first European customer for Transit Connect Electric van with 20-unit purchase; targeting 30% reduction in CO2 by 2015

Green Car Congress

Norway Post has signed a contract to purchase 20 Transit Connect Electric vehicles, with an option to order more vehicles in the future. In signing a contract for delivery of the new Ford Transit Connect Electric, the Norwegian Post is taking an important step towards its goal of reducing 150.000 tonnes of CO2 annually.

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

Green Car Congress

Second, the full effects of fuel economy improvements are conditional on how consumers value fuel economy in their vehicle purchase decisions and whether the improvements made have been cost effective or not. First, had fuel economy not improved, the higher level of U.S. gasoline demand would have put upward pressure on world oil prices.