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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

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Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation. quadrillion Btu in 2012 to 12.1

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China.

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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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The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.

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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. billion won in the previous quarter due to fewer EV battery shipments. .

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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At present, an electric vehicle costs 30% more than an IC engine-powered vehicle with similar specifications. A study conducted by BloombergNEF forecasts that Electric vehicles will be cheaper than gasoline-powered vehicles in Europe. The battery costs one-third of the total price of an electric vehicle.

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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The critical need for government leadership in the emergence of electric vehicles dominated a recent Green Fleet Management discussion in Toronto, hosted by Fleet Challenge Ontario. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment.