Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ Low-Speed Electric Vehicles: An Underappreciated Threat to Gasoline Demand in China and Global Oil Prices? ” China Electric (Battery) Forecasts

2019 268

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “ lower for longer ”, or even “ lower forever ”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological innovation ( shale in particular ) will greatly increase economically recoverable resources. Market Background Oil Opinion

2017 163
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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. Market Background Oil

2015 183

Will oil prices and post-pandemic hesitation hit EV sales harder than general market?

Green Car Reports

Could the economic downturn triggered by the COVID-19 pandemic affect electric vehicle sales? The research firm Wood Mackenzie last Wednesday already suggested that it will—and that global sales of electric vehicles could drop 43 percent in 2020.

2020 106

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 For example, if lower oil prices last, they are likely to slow the growth of the electric vehicle market, to some extent.

2014 227

Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

Get Electric Vehicle

One of the main reasons which limit the mass adaption of electric cars or EVs is its price difference in comparison with its IC engine counterpart. At present, an electric vehicle costs 30% more than an IC engine-powered vehicle with similar specifications.

Tax 52

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

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In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the Model 3 and expanding its vehicle shipments to markets abroad, are setting the stage for continued market growth, Navigant says. By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million.

2019 186

Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

The critical need for government leadership in the emergence of electric vehicles dominated a recent Green Fleet Management discussion in Toronto, hosted by Fleet Challenge Ontario. In an interview published in Maclean’s, a Canadian news magazine, the chairman and CEO of General Electric said, “ Government should be a catalyst for change. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment.

2010 172

Center for Automotive Research releases study on estimated US distribution pattern of electric vehicles through 2015; focus on incentives

Green Car Congress

The CAR study uses the distribution of hybrid sales as the basis to estimate the distribution of plug-in electric vehicle sales. Research, an Ann Arbor, Michigan-based nonprofit research organization, is estimating the national distribution patterns of electric vehicles across the United States, and the incentive programs that will assist with the proliferation of these vehicles, over the next four years. Electric (Battery) Forecasts Hybrids Sales

2011 206

GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

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GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices.

2020 283

Li-ion Reserve in the World: How it Revolutionised the EV Industry

Get Electric Vehicle

Many of us are not aware of the glorious past electric vehicles once had in the 19th century. Electric vehicles were the primary mode of transportation for short-distance travels were loved by all types of people. Battery and Charging Stations Battery Electric Vehicle

Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

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The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. However, an analysis by Lux Research suggests that despite some decrease in sales, sales of plug-in vehicles will likely be resilient, and rebound as oil prices rise back to the prior higher levels over time. Lux on the price of oil.

2015 214

White House: OPEC+ oil production increases “simply not enough”

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On Wednesday, US National Security Advisor Jake Sullivan issued a statement calling on OPEC+ to increase oil production: While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022.

Oil 224

Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

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By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. The main driver of the destruction in demand is the proliferation of electric vehicles. Electric (Battery) Forecasts Oil

2019 253

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

The World's First Clean Motocross Race On Electric. High-Speed Rail Unlocks Intermodal Potential Texas Excess Ford Expands Hybrid Success to Electric Vehicles ► March (17) Carbon Capture and Storage: To Be or Not To Be? Intelligent Charging Infrastructure for New Electr. Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re.

2009 28

SK Innovation to end Li-ion JV with Continental due to slow demand growth for EVs

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Yonhap News reported that SK Innovation Company will end the battery-pack joint venture with German partner Continental AG ( earlier post ) due to slow growth in demand for electric cars. The two companies launched the JV, SK Continental E-motion, in January 2013, with the mission of developing, producing and distributing lithium-ion based battery systems for cars and light commercial vehicles. We will continue to research and develop batteries for electric vehicles in the future.

2014 212

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Some key findings from the report: Net energy imports end before 2030 in the AEO2015 Reference case and before 2020 in the High Oil Price and High Oil and Gas Resource cases.

2015 195

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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million units for 2020, with light vehicle sales forecast to post 22.4 Following a deceleration of electric vehicle (EV) sales growth in 2019, IHS Markit expects EV sales to stagnate in 2020 and likely into 2021.

2020 242

Navigant forecasts global light duty electrified vehicle sales to exceed 6.0M in 2024; PEVs to account for roughly half

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In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6 million vehicle sales in 2015 to more than 6.0 million electrified vehicles by 2024, while the aggressive scenario sees more than 6.4

2015 150

The Real Reason for USA based Economic Recessions.

DIY Electric Car

The True Cause of Recessions: OIL. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions. There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008.

USA 153

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The Indy fleet would be the largest municipal fleet of electrified vehicles in the US. The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016.

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. But this was removed in 1990 for electric vehicles.

2020 52

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

Green Car Congress

Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE , an institue of the Edison Foundation. According to the report, “ Forecast of On-Road Electric Transportation in the US (2010-2035) ”, this figure could increase to as high as 30 million EVs depending on advances in battery technology. Forecast of On-Road Electric Transportation in the US (2010-2035).

2013 244

NREL launches new alternative transportation web tools; planning, maps, data

Green Car Congress

One of the many charts available from the maps and data library on the AFDC site, this shows the number of light-duty alternative fuel vehicles (AFVs), hybrid electric vehicles (HEVs), and diesel models offered by vehicle manufacturers from 1991 through 2012. For example: “What if I replace 10 of my sedans with plug-in hybrid electric vehicles?”.

2012 308

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

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Modelled vehicle sales per year in Scenario 3. According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. electric vehicles) under various scenarios, in the absence of significant government policy interventions. Vehicle choice. vehicle types (ICEs, EVs, PHEVs and HEVs).

2011 188

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices. reduction in global oil consumption results in a drop in global oil prices of 1.2%.

2009 150

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team.

2018 234

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

Green Car Congress

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. The research estimates that the growth of EVs will mean they represent a quarter of the cars on the road by that date, displacing 13 million barrels per day of crude oil but using 1,900 TWh of electricity. This would be equivalent to nearly 8% of global electricity demand in 2015.

2016 200

Getting Interviewed and Finding a Car

Open Source Civic EV Kit

With the huge jump in oil prices yesterday, I received a call from the local KEX radio to ask about electric vehicles and how they could be part of the solution. It will be great to have an actual vehicle to take measurements on and hack into instead of heading out to the wrecking yard in the rain to work on a trashed Civic A few new things have happened over the past two days.

2008 100

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

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). 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). Since 2010, lithium-ion battery prices have fallen 73% per kWh.

2017 163

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

In a December 2010 research note on the 2011 outlook for the oil market, Deutsche Bank (DB) analysts have revised their earlier expectations of the pace of near-term transportation electrification trends (slower) and gasoline demand (greater) but note that the developments in the global transportation sector in 2010 have increased their confidence “ in the pace and breadth of the long-term shift to a more efficient transportation system.” Aggressive near-term OEM lease pricing.

2011 216

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 of world electricity generation in 2014, compared to 8.5% billion, helped by the recovery in sector share prices between mid-2012 and March 2014, and by the popularity with investors of US “yieldcos” and their European equivalents, quoted project funds. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year.

2015 218

Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

Green Car Congress

According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea. Unit sales of all electrified vehicles in Asia-Pacific will surpass 1.2 Electrified vehicle shipments will grow rapidly in the region.

Asia 206

Economic Impact Study Finds Grid-Enabled Vehicle Policies in Electrification Coalition Roadmap Would Result in Substantial Economic Benefit for US

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The Roadmap proposes completely transforming the US light-duty vehicle fleet into one in which grid-enabled mobility (grid-enabled vehicles, GEV) is the new conventional standard. By 2040, the report proposed, 75% of the light-duty vehicle miles traveled in the US should be electric miles. Employment in the motor vehicle industry (including motor vehicle parts) would be about 106,000 jobs higher than the base. Oil Imports. Global Demand for Oil.

2010 172

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

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A new study by consultancy Roland Berger defines an integrated roadmap for European road transport decarbonization to 2030 and beyond; the current regulatory framework for vehicle emissions, carbon intensity of fuels and use of renewable fuels covers only up to 2020/2021. Even until 2030 many alternative powertrain technologies such as PHEV, BEV and FCV lack relative cost competitiveness—but are important cornerstones in vehicle manufacturers’ CO 2 emission compliance strategies.

2016 163

MITEI releases report on Electrification of the Transportation System

Green Car Congress

The symposium was organized into four panels that addressed key issues: (1) Why vehicle electrification matters; (2) vehicle technologies; (3) infrastructure; and (4) policy options. The transportation sector thus represents a significant fraction of total greenhouse gas (GHG) emissions both globally and in the US—light-duty vehicles (LDVs) are responsible for 17.5% Vehicle technologies. Batteries Electric (Battery) Hybrids Policy

2011 216

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

The US Department of Energy (DOE) has released One Million Electric Vehicles by 2015 , a short status report on advances in deployment and progress to date in meeting President Obama’s goal of putting one million plug-in electric vehicles (PEV) on the road by 2015. While several high profile vehicle market introductions such as the Chevrolet Volt and the Nissan Leaf have been initiated, questions remain regarding the potential to reach the 2015 goal.

2011 188

Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

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According to Winterkorn, the company now employs 46,000 researchers and developers as well as more than 10,000 IT experts, all of whom are working on the mobility of the future such as alternative drive concepts or the digitalization of vehicles and factories. The Group already offers the widest range of electromobility solutions in the automotive industry as well, with nine battery-electric vehicles and plug-in hybrids. The CO 2 limits apply irrespective of fuel prices.

2015 209

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

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A new study by researchers at the University of Colorado at Boulder projects the emission impacts of the widespread introduction of inexpensive and efficient electric vehicles into the US light duty vehicle (LDV) sector. They found that moderate, economy-wide GHG fees have little effect on GHG emissions from the LDV sector—but are more effective in the electricity sector. Electric (Battery) Emissions Forecasts Lifecycle analysis

2017 150

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

Despite maturing technology and better cost structures, worldwide production forecasts for electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) are in decline, posing a threat to national targets to raise the share of xEVs in vehicle fleets, according to the latest E-mobility Index by Roland Berger Strategy Consultants and Forschungsgesellschaft Kraftfahrwesen mbH Aachen (fka) for Q1 2013. Batteries Electric (Battery) Forecasts Infrastructure Plug-ins

2013 207

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

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The study found that for small and medium passenger vehicles, expected lifetime cost per kilometer for EVs is already lower than that of conventional ICE. The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. An AECOM-led study of plug-in electric vehicle economics for the New South Wales, Australia government concluded that electric vehicles are economically and financially viable in the NSW market today.

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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Further, the fossil fuel share of primary energy consumption falls from 82% in 2011 to 78% in 2040 as consumption of petroleum-based liquid fuels falls, largely because of the incorporation of new fuel efficiency standards for light-duty vehicles. quadrillion Btu in 2035, as a result of fuel economy improvements achieved through stock turnover as older, less efficient vehicles are replaced by newer, more fuel-efficient vehicles. Domestic oil production will rise to 7.5

2012 198

Tesla Announces IPO

Revenge of the Electric Car

According to their SEC filing, California electric car maker Tesla Motors Inc. From the article: “California electric car maker Tesla Motors Inc. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.&#. Shares in the electric car maker are expected to draw strong interest from investors. California electric car maker Tesla Motors Inc.

2010 126