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Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimulus packages enacted in several countries during the pandemic, global oil demand may not peak before 2030. The scenario analysis highlights the possibility that global light-duty-vehicle passenger oil demand may peak by 2025 or earlier.

Oil 259
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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units. y/y in 2020.

Global 150
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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

Green Car Congress

The new research report, Industrial Biorefineries , puts the installed capacity of the current fleet of approximately 1,415 biorefineries—scattered predominately across the. United States, Brazil, and Europe—at 34.6 BGY of installed capacity worldwide in. advanced biorefineries, Pike says.

Brazil 236
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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

Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. He also believes that sub-1.6L

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

ZAP and Jonway partnered on the production of an electric version of the compact 5-door Jonway A380 SUV, integrating AC propulsion and lithium-ion battery system technologies to produce a mid-range electric vehicle (EV) that ZAP intends to offer to the fleet market in China. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

China 186
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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

The first buyers will be fleet users, which will build central fast-charging facilities. Both will be sold first in China, primarily to fleet users: the government, post office, utilities, and taxi companies, all of which will build central fast-charging facilities. After that, their management skills and backgrounds diverge.

BYD 62
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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

I would say that electricity is a vastly superior fuel for the light vehicle fleet,” said Willett Kempton , a professor and alternative energy specialist at the University of Delaware. Electrifying the entire vehicle fleet would provide more than three times the U.S.’s ’s power generation, he said. — t_F 10.

Grid 47