article thumbnail

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. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

article thumbnail

Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

Green Car Congress

They further estimated that roughly one-fifth of the savings can be attributed to gasoline price increases over the period and four-fifths to fuel economy and greenhouse gas (GHG) standards. Second, they estimated fuel savings using the FHWA data on vehicle miles, fuel use and miles per gallon (mpg).

article thumbnail

Nikola hydrogen FCEV semi completes 400 mile trip – is it enough?

Baua Electric

The port cartage and drayage specialists at Coyote Container successfully completed a 400-mile delivery in a Nikola Tre semi truck powered by a hydrogen fuel cell. William Hall, Managing Member and Founder of Coyote Container, drove the hydrogen Nikola over the hilly, 400-mile route that took the truck and its 17.7

article thumbnail

Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

Green Car Congress

The Motor Gasoline Demand Estimation Module estimates vehicle miles traveled on pandemic days while it considers the dynamic indices of travel mobility, and it quantifies motor gasoline demands by coupling the gasoline demands and vehicle miles travelled.

Gasoline 505
article thumbnail

US Vehicle Miles Traveled Increased 2% in June Year-on-Year

Green Car Congress

billion vehicle miles) resulting in estimated travel for the month at 256.7 billion vehicle-miles, according to the US Federal Highway Administration. billion vehicle miles) in 2009, year-on-year. US traffic volumes started declining in November 2007 as oil prices rose and experienced dramatic drops in 2008.

Miles 210
article thumbnail

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

Green Car Congress

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

2020 150
article thumbnail

EIA: US Permian Basin oil production and resource assessments continue to increase

Green Car Congress

Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. As production in other regions fell throughout most of 2015 and 2016, the Permian provided a growing share of US crude oil production.

Oil 170