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

A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. gasoline demand would have put upward pressure on world oil prices.

article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

Analysts say rising oil prices benefited the company’s petrochemical business, helping to offset losses from its battery unit SK On, which has been facing weaker electric vehicle (EV) battery demand. Ford executives have said they will not launch the next generation of EVs until its EV business is profitable.

Auto 52
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Volt manufacturing capacity will rise from 10K in 2011 to about 65K in 2012.

article thumbnail

Nissan’s Big Gamble

Revenge of the Electric Car

“Customers have already been asking about the cars since the news broke about Nissan’s plans to build the car here in Tennessee.&#. “A lot of Americans really want to stop using imported oil,&# he says. The Tennessee factories will have capacity for 150,000 vehicles and 200,000 battery packs a year.

Nissan 124