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Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

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Actual fuel economy of cars and light trucks: 1966-2019

Green Car Congress

The primary measure in this analysis is the average miles driven per gallon of fuel for each year. In terms of fuel consumption per distance driven, the change between 1973 (the year of the first oil embargo) and 1991 (from 7.75 gallons per 100 miles to 5.10 gallons per 100 miles) represents a compound rate of decrease of 2.3%

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The electricity in gasoline

Plugs and Cars

I just ran across the latest available data, from 2005, for the electricity consumption by petroleum refineries. One electric car, roughly speaking, will use about 3000 kWh to go about 12,000 miles. And that doesn't include the electricity used in oil extraction and pumping. Almost 49,000,000,000 kWh.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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Actual fuel economy of cars and light trucks: 1966-2017

Green Car Congress

The primary measure in this analysis is the average miles driven per gallon of fuel for each year. In terms of fuel consumption per distance driven, the change between 1973 (the year of the first oil embargo) and 1991 (from 7.75 gallons per 100 miles to 5.09 gallons per 100 miles) represents a compound rate of decrease of 2.3%

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012.

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