Remove Cost Of Remove Engine Remove Financing Remove Oil Prices
article thumbnail

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. The first generation of these long-range, mid-priced BEVs is set to hit the market in the next 18 months with the launch of the Chevy Bolt and Tesla Model 3.

Cost Of 150
article thumbnail

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year. Indianapolis Mayor Greg Ballard.

article thumbnail

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Green Car Congress

Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Fuel cell system cost projections over time and volume.

Emissions 231
article thumbnail

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

To date, the paper notes, the shipping industry has not acted decisively to realize its potential to reduce emissions via low carbon energy due to a number of reasons, include capital cost, patchwork regulations, lack of standards, lack of appropriate infrastructure and uncertainty regarding long-term availability of fuel.

article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

article thumbnail

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

Green Car Congress

Using catalysts and heat, hydroprocessing removes oxygen, adds hydrogen and rearranges carbon molecules to create a drop-in petroleum substitute that requires no engine modifications in a 50% blend. Hydroprocessing. Hydroprocessing produces renewable diesel, and can produce 50-70% jet fuel with an additional cracking step. renewable diesel.

Oil 230
article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge. Electric vehicles.

Oil 247