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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

2019 186
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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

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In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.

Wind 286
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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

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Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

2014 150
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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

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Specifically, AEO2019 projects that: Increases in fuel economy standards temper growth in US motor gasoline consumption, which decreases by 26% between 2018 and 2050. However, US coal shipments, which are primarily via rail, decline slightly.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Without efficiency gains across economies worldwide, energy demand from 2010 to 2040 would be headed toward a 140% increase instead of the 35% forecast in the report. Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040. Outlook for Energy.

Energy 252
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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Driven by increasing population, urbanization and rising living standards, the world will require some 35% more energy in 2040, according to ExxonMobil’s annual forecast report: Outlook for Energy: A View to 2040. This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries.

Oil-Sands 309
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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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BCG’s analysis finds that cellulosic ethanol is on the verge of becoming cost-competitive with gasoline at $3/gal US. The costs of these alternative energy technologies are falling rapidly, and they are on the path to becoming cost-competitive within the next five to ten years, if not sooner. Click to enlarge.

Solar 295