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Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024.

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Electric vs. Gasoline Cars: Uncovering the Real Climate Savior

The Truth About Cars

Photo credit: Nick Starichenko / Shutterstock.com Contrary to common misconceptions , electric vehicles (EVs) generally have a smaller carbon footprint compared to traditional gasoline cars. This advantage remains true even when considering the electricity utilized for charging EVs.

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Carbon emissions from generating electricity for electric vehicles vary greatly across the individual US states

Green Car Congress

by Michael Sivak, Sivak Applied Research The overall advantage of battery electric over gasoline vehicles, in terms of well-to-wheels emissions of greenhouse gases, has been well documented. On the two extremes, coal and oil result in about 176 times the emissions from hydro. Geothermal 0 0 Solar 0 8.8 Natural gas 87.9

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

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DOE: US average EV CO2e/year is 4,815 lbs, vs. 11,435 lbs for average gasoline car

Green Car Congress

The national average is 4,815 pounds (2,184 kg) of CO 2 -equivalent emissions for a typical EV per year as compared to the average gasoline-powered car which produces 11,435 pounds (5,187 kg) of CO 2 -equivalent emissions annually. from coal, making it the state with the most well-to-wheel CO 2 -equivalent emissions. Source: DOE.

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EIA expects annual US crude oil production to surpass pre-pandemic levels in 2023

Green Car Congress

We expect that as crude oil production increases, inventories will begin to replenish and help push prices lower for gasoline, jet fuel, and other products in the short term. quadrillion British thermal units (Btu) of solar power in 2021, a 23.7% EIA forecasts US consumption of solar-generated electricity to increase a further 27.3%

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

Green Car Congress

In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. The United States now emits less CO 2 from coal than from motor gasoline. Total net electricity generation fell by 1.5%

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