Remove Cost Of Remove Gasoline-Electric Remove Global Remove Transportation
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BNEF: net-zero road transport by 2050 still possible, but big push needed

Green Car Congress

The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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UPS plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies—an industry first that would breaki a key barrier to large scale adoption of electric fleets. Modec fully electric vehicle with a cab forward design used in London.

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UK to invest £200M in fleet of zero-emission heavy-duty trucks

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UK Transport Minister Trudy Harrison announced more than £200 million (US$244 million) of government funding will be injected into an extensive zero-emission road freight demonstrator program. But we must accelerate our journey towards our net zero goals, and we’re committed to leading the way globally on non-zero emission road vehicles.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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Danish Minister for Transport Trine Bramsen, Aalborg municipal government representatives, and European media were invited to witness the first test runs of Geely methanol vehicles on Danish roads and visit the e-methanol production facility at Aalborg University. Both have their own advantages and together complement each other, Geely says.

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Meta Materials acquires assets and IP of Optodot; battery separators and coating technology

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META will strengthen its proprietary portfolio of battery materials with NPORE nano-composite ceramic separators to enhance safety, performance, and cost in electric vehicles. The race to electrification and a new world in which electricity replaces gasoline and diesel is just getting started.

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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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EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix. This growth arises from increases in air transportation outpacing increases in aircraft fuel efficiency.

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

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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. This would be equivalent to nearly 8% of global electricity demand in 2015. —Colin McKerracher, lead advanced transportation analyst at BNEF.

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