Remove Coal Remove Cost Of Remove Production Remove Stimulus
article thumbnail

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

Green Car Congress

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 expects US coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. gal last summer. gal on 22 March.

2019 186
article thumbnail

PwC industry survey provides check-up on determining factors for EV success

Green Car Congress

The survey addresses a range of topics relevant to the success of plug-in electric drive vehicles, including product design (i.e., This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. Nearly 68.8%

article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonization. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations.

Renewable 199
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.

Renewable 220
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Costs are also falling due to classic economics. Earlier post.).

Financing 150
article thumbnail

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. insulating or rebuilding Europe’s rickety housing stock could cut heating bills from 30 to 80 per cent, which would slash demand for their product.

Grid 47
article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

How Real, How Soon, and What Must Happen Next,” which concludes the costs of creating an automotive market dominated by electric and hybrid cars are prohibitively high for the foreseeable future – as high as $49 billion for Europe alone (along with another $21 billion for battery-charging infrastructure). The group pointed to a B.C.G.

Volt 42