article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. Based on this, our assessment is that the electrification of transport will only slow down oil demand growth during the 2020s. Why an oil price spike would be bad for the industry. Since (non-U.S.

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

MITEI releases report on Electrification of the Transportation System

Green Car Congress

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. Currently, petroleum almost exclusively fuels the United States (US) transportation system.

article thumbnail

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

Green Car Congress

A new study by consultancy Roland Berger defines an integrated roadmap for European road transport decarbonization to 2030 and beyond; the current regulatory framework for vehicle emissions, carbon intensity of fuels and use of renewable fuels covers only up to 2020/2021. GHG abatement in road transport sector will cost approx.

article thumbnail

FCA, IVECO and Snam sign MoU for development of natural gas as an environmentally friendly vehicle fuel

Green Car Congress

The MoU was signed in the presence of Italy’s Minister of Economic Development Carlo Calenda and Minister of Infrastructure and Transport Graziano Delrio, and is part of a wider set of initiatives to promote sustainable mobility. As of today, the natural gas road transport sector already has an annual turnover of €1.7 billion (US$1.9

Gas 199
article thumbnail

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. The analysis is based on central forecasts of oil price, electricity. Source: AECOM.

PHEV 210
article thumbnail

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Green Car Congress

Perspective by Deron Lovaas, Federal Transportation Policy Director, Natural Resources Defense Council. Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. This means our economic stability is at stake because of our reliance on oil. Source: EIA. Click to enlarge.

Oil 255