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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

Green Car Congress

The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” by Bill Cooke. Billion vs. $28.3

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China’s EV Subsidy

Revenge of the Electric Car

Journal article: China to Subsidize Electric Cars. China to Subsidize Electric Cars. BEIJING—China will subsidize buyers of battery-powered cars and plug-in hybrids under a pilot program aimed at keeping the country competitive in the global race to develop an electric-vehicle industry, but which also risks a public backlash.

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BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

Advanced combustion technologies alone could reduce CO 2 tailpipe emissions by 40% from current average levels for new-vehicle fleets of 250 to 270 grams per kilometer (g/km) in the United States, 150 to 170 g/km in Europe, 130 to 140 g/km in Japan, and 200 to 215g/km in China, according to the analysis. Source: BCG. Click to enlarge.

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the. The Commission is convinced that financing should cover. social impacts of restructuring. Sizeable efforts.

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Enter the Russians

Revenge of the Electric Car

Russia’s richest man, Mikhail Prokhorov, gets a nod of approval from Putin on his new electric car investments. Read more in the article: Putin Backs Russia’s First Electric Car Project. They said Prokhorov was ready to provide project financing for two years. Russia’s first electric car project.

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