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Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Green Car Congress

By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead.

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Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Link to original article: [link].

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Gas War: Did the Biden Administration Relax or Tighten U.S. Vehicle Emissions?

The Truth About Cars

If you pursued the news over the weekend, you undoubtedly saw articles claiming that the Biden administration both relaxed and tightened U.S. vehicle emissions standards. However, it has softened on earlier proposals that would have set the standards even higher. fuel consumption by 70 billion gallons of gasoline through 2050.

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Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

With average fuel prices creeping back up, you’ve undoubtedly seen a slew of articles trying to explain why. & Over the past week, countless media outlets published stories about how oil refineries have had to scale back production targets to contend with exceedingly high temperatures. per gallon. Today’s U.S.

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Former EPA exec surveys the road ahead for US emissions standards

Charged EVs

Under President Obama, the EPA set the first federal greenhouse gas standard for cars. The Trump administration attempted to throw this process into reverse by watering down the federal standards. California, at the same time, was moving to establish their own greenhouse gas standards. That’s where the CAFE standards originate.

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Opinion: Politicians Are Lying About Biden's EPA Rule

The Truth About Cars

First, some background from the New York Times : The rule increasingly limits the amount of pollution allowed from tailpipes over time so that, by 2032, more than half the new cars sold in the United States would most likely be zero-emissions vehicles in order for carmakers to meet the standards. The future is electric,” he said.

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Study concludes transport regulations should focus on energy-intensity-based fuel standards along with regulation of upstream carbon-intensity; decomposing transport GHG emissions into 3 factors

Green Car Congress

volume and GHG-based fuel standards) to achieve reductions in greenhouse gas emissions from on-road transportation need to evolve towards energy-intensity-based fuel standards (e.g., Transportation consumes more than half of the oil used world-wide, and contributes roughly 25% of energy-related CO 2 emissions.