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Demand for oil ‘passed its peak’

Green Cars News

World oil demand is poised for recovery driven by emerging markets but demand from developed countries is unlikely return report finds. Demand for oil in developed countries—currently 54 percent of all oil demand—has passed its peak, the latest research suggests.

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

The alternative-fuel car evolved to reduce exhaust emissions and other problems derived from burning fossil fuels. The PHEV (Plug-in Hybrid Electric Vehicle), a subset of the electric car, combines a primary electric motor with a much smaller back-up engine fueled with a hydrocarbon/biofuel mix.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

I believe strongly that this country has to get off oil," he says, sitting beside a massive V-16 engine on display in his office. because, even E85, we wish that would roll out a lot faster -- but, the only infrastructure thats really in place, besides oil, is electricity distribution. GM Press Release ). Bloomberg ). Reuters ).

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Department of Energy’s Alternative Fuels Data Center , “The Inflation Reduction Act of 2022 ( Public Law 117-169 ) amends the Qualified Plug-in Electric Drive Motor Vehicle Credit ( IRC 30D ), now known as the Clean Vehicle Credit, and adds a new requirement for final assembly in North America that takes effect on August 16, 2022 ” .