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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. by Haley Zaremba for Oilprice.com.

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Norweign Drivers switch to Electric Cars

EV Report

Above – Electric Car at Norway. There has been a steady increase in electric and hybrid cars over the last decade in the US but still only 2 percent account for new car sales in the US. Norway, a small rural country having a population of only 5 million has been steadily building electric cars.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040. Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016).

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Strong pre-sales of electrics in the US by commercial enterprises.

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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. Slowly electric vehicles will become the mainstream of the market. Next, let’s learn about the working principle and charging principle of electric vehicles.

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Quarter of firms looking to alternative fuels

Green Cars News

One in four business leaders have already making use of -or are considering introducing -alternative fuel vehicles to their business operations as oil prices remain stubbornly high.

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Nissan Introduces 7th Generation Patrol with New 5.6L V8

Green Car Congress

Nissan has introduced its seventh-generation Patrol—its global flagship large SUV model—incorporating a new platform, a new high-end V8 engine, a 7-speed automatic transmission and a new 4WD system. I want electric car (to) mean Renault or Nissan, period,” he said. The newly developed VK56VD 5.6-liter

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