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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

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). Personal air travel (billion seat-miles) grows by an average of 0.7% T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017. Source: EIA.

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

It also updated the costs and sizes of electric and plug-in hybrid electric batteries and revised downward light-duty vehicle travel demand due to the adoption of a new estimation technique. Beyond 2020, CAFE standards for both passenger cars and light-duty trucks are held constant. Transportation projections.

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Nissan’s Big Gamble

Revenge of the Electric Car

The best thing about the Nissan is the expected price range of $25K- $34K. This is before the $7,500 federal tax credit. Pricing isn’t set. Oil vs. electrons. But Ghosn thinks rising oil prices will tilt the economics in favor of electrons. Batteries are expensive.

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