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

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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.

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

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Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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Start of sales for the VW Golf eHybrid and Golf GTE PHEVs in Europe

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Sales of both models are starting now. Price in Germany starts at €39,781.18 (US$46,900). With an output of 180 kW (245 PS), the Golf GTE offers sporty performance, combining both power and efficiency. Base price: €41,667.40 (US$49,000). This allows a wider electric range.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

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Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. gasoline-powered electric generator.

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NIO upgrades Power Up Plan to Power Journeys, ramping up efforts in charging network

CN EV Post

NIO will add an additional 20 charging routes under the Power Journeys plan this year, after having completed 52 routes. Image credit: CnEVPost) NIO (NYSE: NIO) has upgraded a program designed to improve the travel experience for electric vehicle owners, after opening dozens of destination charging routes over the past three years.

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CARB and California electric utilities partner to offer point-of-sale reduction of up to $1,500 on PEVs

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California electric utilities are teaming up with the California Air Resources Board (CARB) to offer the California Clean Fuel Reward (CCFR), a point-of-sale price reduction of up to $1,500 for the purchase or lease of any eligible new Battery Electric or Plug-in Hybrid vehicle (BEV or PHEV) from a participating automotive retailer.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. The average price of US on-highway diesel was $5.718 per gallon, up $2.432 from a year ago.

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