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

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

Gasoline 269
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GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

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. However, the amount of time taken to make up that price differential depends on the cost of fuel.

CO2 353
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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. BNEF will discuss its EV forecast in detail at its upcoming annual BNEF Summit in New York in April. Although some 1.3

Cost Of 150
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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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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. Rays of Hope. The Reduction in Battery cost.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation.

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

Green Car Congress

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. electricity supply to provide the necessary protections from higher voltages. Source: AECOM.

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

Green Car Congress

Optimized internal combustion engines are the major contributor to the reduction of passenger car GHG emissions with significant improvements until 2020 and the subsequent penetration of more effective alternative technologies into the fleet. PHEVs fueled with advanced biofuels and low carbon, renewable electricity (for PC).