Remove Electric Cars Remove International Remove Oil Remove Saudi Arabia
article thumbnail

Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. The deal will start with an initial commitment of at least 50,000 vehicles with the option to purchase 50,000 additional cars over the same period.

article thumbnail

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. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Forecasts Fuel Efficiency Fuels Market Background Oil' —Outlook.

Energy 252
article thumbnail

Behind the Wheel, Under the Hood of World’s First 500-Mile EV

Cars That Think

Step on the accelerator, and the 1,111-horsepower Lucid sprints ahead like the cartoon Roadrunner, leaving most internal-combustion cars looking like hapless Wile E. billion in new investment cash, and 65-percent owned by Saudi Arabia's Public Investment Fund, saw its stock surge up to 47 percent on news of the first deliveries.

Miles 145
article thumbnail

The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% Chery Car Co. Chinese brands made up 16% of the 616,500 new vehicles sold in Saudi Arabia last year. of the passenger-vehicle marketplace.