Remove Gasoline-Electric Remove Market Remove Motor Remove Price
article thumbnail

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

article thumbnail

CMU/Yale study suggests BEVS could be majority or near-majority of cars and SUVs by 2030 given technology trends

Green Car Congress

A suggestive market-wide simulation extrapolation indicates that if every gasoline vehicle had a BEV option in 2030, the majority of new car and near-majority of new sport-utility vehicle choice shares could be electric in that year due to projected technology improvements alone. —Forsythe et al. Forsythe et al.

SUV 397
article thumbnail

Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

Purchase 321
article thumbnail

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal last summer.

2019 186
article thumbnail

Terra Motors starting electric two-wheeler sales in Iran

Green Car Congress

Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. —Toru Tokushige, CEO of Terra Motors.

Iran 240
article thumbnail

Geely testing Emgrand methanol hybrid sedan in -40 C conditions

Green Car Congress

naturally aspirated methanol engine providing 97kW (130HP) of power and 175 N·m of max torque together with an electric motor providing 100kW (134HP) of power and 320 N·m for a combined 272kW (364HP) and 495 N·m of torque. With methanol fuel price at Chinese pumps around 3RMB/L (€0.42/L The sedan houses a 1.8L

Hybrid 435
article thumbnail

Nissan introduces series-hybrid powertrain with Note e-POWER in Japan; small pack, small engine, LEAF motor, low price

Green Car Congress

In Japan, Nissan Motor introduced its new series-hybrid drive system called e-POWER along with its application in the Note. The power from a high-output battery is delivered to the e-POWER’s compact powertrain comprising a gasoline engine, power generator, inverter, and a motor. The engine is the 1.2-liter, L/100km); 34.0

Nissan 150