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

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units.

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Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Green Car Congress

According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. A major factor has always been the cost of battery packs.

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

The current global economic downturn will dampen world energy demand in the near term, as manufacturing and consumer demand for goods and services slows. World oil prices have fallen sharply from their July 2008 high mark. The EIA notes that experience demonstrates that world oil prices can be extremely volatile.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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MITEI releases report on Electrification of the Transportation System

Green Car Congress

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% Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility.

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Virent Receives Presidential Green Chemistry Challenge Award for BioForming Process to Produce Biohydrocarbon Fuels

Green Car Congress

The hydrocarbon biofuels from Virent’s process are interchangeable with petroleum products, matching them in composition, functionality, and performance; they work in today's engines, fuel pumps, and pipelines. Fuels derived from the process can have a 20–30% per Btu cost advantage over ethanol.

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Intel Founder: Look to Silicon Valley for Electric Car Development - GoodCleanTech

Tony Karrer Delicious EVdriven

In a guest editorial in Fortune , Grove writes that just as how power and efficiency of the internal-combustion engine were at the coreof the development of the automobile, batteries willbe a competitive advantage for the automakers of the future. and it stillleads globally. automakers. It hung in as other industries left the U.S.,

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