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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

“It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. That will prevent any short-term price spike even if depletion surpasses new production. A sharp rise in oil prices would spur new investment and new drilling.

Oil 150
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Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. This would be the most competitive price in the world which would be a huge locational advantage for hydrogen ‘made in Namibia’. It has a lot of vast unused space.

Namibia 337
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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia.

Chinese 40
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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal last summer. gal on 22 March.

2019 186
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Continental Mobility Study 2020 finds many people still have doubts about EVs

Green Car Congress

Only in France is the price the most discouraging factor. The four main arguments of electrosceptics are evenly distributed from an international perspective: the low availability of charging stations, range anxiety, the need for charging breaks on longer journeys, and the high price when compared with cars with combustion engines.

2020 259
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This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

COVID-19 & Global Electric Vehicle Market. It is expected that, with continuing innovations in the car industry, the electric vehicle market has seen steady growth. Few examples are, Purchase-price subsidies for new EVs in Germany will reach more than $10,000 per car. The short distance market.

Market 52
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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Gearing stimulus packages towards decarbonization. Implementation of climate policies, especially those that involve pricing mechanisms, should account for the specific impacts on different groups of society. However, transport CO 2 emissions could be cut by almost 70% over the 2015-50 period with the right policies, the ITF said.