Remove Gas-Electric Remove Gasoline Remove Global Remove Wind
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

ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

Green Car Congress

The ICCT has conducted a comprehensive global and temporal life-cycle assessment of GHG emissions from a variety of alternative passenger car powertrains and fuels. This study considers the fuel and electricity consumption in average real-world usage instead of solely relying on official test values.

Hydrogen 418
article thumbnail

Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

Carbon 195
article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% and by 1.5% in summer 2021.

Oil 344
article thumbnail

Bosch on importance of renewable synthetic fuels to reach climate goals; e-fuels

Green Car Congress

The Paris Agreement calls for global warming to be limited to 2 ?C Electromobility is just now picking up momentum; further, electric cars are only as emissions-free as the production of electricity that charges their batteries. First, apply electricity generated from renewable sources to obtain hydrogen from water.

Renewable 300
article thumbnail

Benchmark: lithium has to scale twenty times by 2050; generational challenge for automakers

Green Car Congress

The world will need more than twenty times the amount of lithium than was mined last year to meet demand by mid-century, driven by growth in energy storage and electric vehicles, according to new analysis from Benchmark Mineral Intelligence. Annual production of 11.2 Near-term, a total of 2.9