Remove Cost Of Remove Gasoline Remove Oil Prices Remove Tax Credit
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. Resolving most of the barriers is necessary to achieving RFS2, and many of them are interrelated as illustrated by the examples below.

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Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Green Car Congress

Ninety billion gallons of ethanol (the energy equivalent of approximately 60 billion gallons of gasoline—about one-third of projected consumption by 2030) per year by 2030 was chosen as the book-end target to understand the requirements of an aggressive biofuels deployment schedule.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Policy Instruments. Recent public policies in the United States and other countries have improved the prospects for initial commercialization of PEVs.

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Nissan’s Big Gamble

Revenge of the Electric Car

The best thing about the Nissan is the expected price range of $25K- $34K. This is before the $7,500 federal tax credit. It’ll be mostly driven by the cost of gas. “A lot of Americans really want to stop using imported oil,&# he says. Pricing isn’t set. Oil vs. electrons.

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