Remove Electric Remove Gasoline Remove Gasoline-Electric Remove Global
article thumbnail

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. “ —Gabriel Collins.

article thumbnail

EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. —EIA Administrator Joe DeCarolis EIA also forecasts global liquid fuels production will increase by 1.4 In 2024, global production increases by 1.7

Oil 370
article thumbnail

EIA projects global conventional gasoline and diesel LDV fleet will peak in 2038

Green Car Congress

In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021 , released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 EIA projected that electric vehicles (EVs)—any LDV with a charging plug—will grow from 0.7% billion vehicles in 2020 to 2.21

Fleet 243
article thumbnail

Ford unveils battery-electric E?Tourneo Courier

Green Car Congress

E-Tourneo Courier is one of 10 all-electric vehicles Ford has committed to offering in Europe by 2024, as it targets zero emissions for all vehicle sales in the region by 2035. The company is investing $50 billion globally through 2026 to achieve a targeted run rate of more than 2 million all-electric vehicles by the end of that year.

Ford 448
article thumbnail

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Our forecast for global consumption of petroleum depends on uncertain economic conditions—especially in China. —EIA Administrator Joe DeCarolis.

article thumbnail

Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
article thumbnail

Lifecycle Emissions of Electric Cars vs. Gasoline

Green Energy Consumers

When we talk about the environmental benefits of electric vehicles (EVs), we get a lot of questions about the lifetime greenhouse gas (GHG) impact of EVs vs internal combus t ion engine (ICE) cars. Electric cars don’t have tailpipe emissions when running on electricity, but battery manufacturing is an energy-intensive process.