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GFEI report concludes 50% improvement in average fuel economy of entire global light duty fleet by 2050 is achievable; importance of the regulatory and fiscal environments

Green Car Congress

US NRC panel’s summary estimates of the potential reduction in petroleum consumption by 2035 for vehicle powertrain types assuming that the entire potential of these technologies is used to improve fuel economy rather than performance. This is equivalent to increasing fuel economy from about 30 to about 60 MPG, from 12.5

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

Green Car Congress

Substantial emission reductions due to fuel economy standards for passenger cars are already included in the current policy scenario. The 1 Gigaton Coalition is supported by UN Environment and the Norwegian Government. A shift to more electric vehicles is also included. GtCO 2 /year in 2030 (with an uncertainty of 4.1 – 5.3

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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

“I am worried about the high interest rate environment that we’re in. Tesla CEO Elon Musk shared similar concerns about interest rates during the company’s last earnings call. I just can’t emphasize this enough: that the vast majority of people buying a car is about the monthly payment.

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Ricardo HyBoost “Intelligent Electrification” project awarded automotive environmental prize by Institution of Mechanical Engineers

Green Car Congress

The Automobile Division of the Institution of Mechanical Engineers has awarded its Prize for the Environment to Ricardo, Ford Motor Company, Controlled Power Technologies and Valeo engineers for their paper HyBoost—An Intelligently Electrified Optimized Downsized Gasoline Engine Concept. Earlier post.). Earlier post.)

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France launches new climate plan; Euro 7 lead; targeting ending the sale of vehicles emitting GHGs by 2040

Green Car Congress

Nicolas Hulot, France’s new minister responsible for environment and energy, presented the country’s new climate plan at a press conference at the Ministry. Among the many actions outlined in the plan is the targeting of ending the sale of cars emitting greenhouse gases (“ gaz à effet de serre ”) by 2040.

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Mercedes-Benz Cars aims to cut vehicle CO2 emissions by 50% over lifecycle by end of this decade

Green Car Congress

At its first digital ESG (Environment, Social and Governance) Conference for investors and analysts, Mercedes-Benz announced aims to at least halve CO 2 emissions per passenger car over the lifecycle by the end of this decade compared to 2020 levels.

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