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Big Oil Betting On Electric Vehicles

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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. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.

Oil 218
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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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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

Gasoline 269
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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

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EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix. Light-duty vehicle miles traveled increases by 20% in the Reference case, growing from 2.9 trillion miles in 2018 to 3.5

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UMTRI study shows wide global variability in GHG emissions from operating an EV

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A team at the University of Michigan Transportation Research Institute (UMTRI) study has assessed the relative amounts of greenhouse-gas emissions from driving a battery-electric vehicle (BEV) compared with greenhouse-gas emissions from driving a traditional gasoline-powered vehicle in different countries of the world. MPG ghg (0.05

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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

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In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. IHS Markit, “Reinventing the Wheel.”

Sale 150
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New powertrains for updated BMW X5 and BMW X6; PHEV and 48V MHEV

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The new BMW X5 - Gen5 PHEV Technology The two models will be built at BMW Group Plant Spartanburg in the US, the competence center for BMW X models, and their global launch gets underway in April 2023. This across-the-board application of electrification comes in the form of an electric motor integrated into the transmission.

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New powertrain line-up for Hyundai 2022 Tucson

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Hyundai’s 2022 Tucson, with its all-new design, will begin arriving in the US market this spring (gasoline and hybrid models), with plug-in models available in summer 2021. liter, direct-injected and multi-port-injected gasoline engine as well as 1.6-liter, kW electric motor and a 1.49 cubic feet, to 38.7 cubic feet.

Tucson 221