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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.

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Report: Trump offered to nix EV incentives for $1B donation from Big Oil

Baua Electric

At a meeting with top oil executives at his Mar-a-Lago club last month, Donald Trump offered to reverse Biden administration environmental policies in exchange for a $1 billion donation to his presidential re-election campaign, the Washington Post reports. Oil interests contributed more than $6.4 Oil interests contributed more than $6.4

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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. As the second-most populous country in the world and one of the largest consumers of fossil fuels, India is making significant strides in adopting electric vehicles (EVs) as a solution to combat climate change and reduce air pollution.

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Yergin: overwhelming number of new car sales will be EVs in coming decades, but 2/3 of global fleet to remain gasoline-powered in 2050

Green Car Congress

Electric vehicles will make up as many as 8 out of 10 new cars sold in 2050, but it will still be a long road before they dislodge gasoline as the predominant fuel in transportation, IHS Markit Vice Chairman Daniel Yergin writes in his new book, The New Map: Energy, Climate and the Clash of Nations. It has become multidimensional.

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Hertz is selling EVs, including Teslas, to buy gasoline models

Baua Electric

rental fleet to buy gasoline cars. The company said in a filing with the Securities and Exchange Commission (SEC) that the sales of these vehicles, which represent about one third of its global EV fleet, began in Dec. The post Hertz is selling EVs, including Teslas, to buy gasoline models appeared first on Bauaelectric Auto News.

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Biomass fuels: challenges and opportunities – ET Auto

Baua Electric

Lignocellulosic biomass, a renewable and abundant resource, holds great promise for sustainable production of valuable chemicals and fuels, currently derived mainly from oil. Ethanol, a renewable fuel (CH 3 CH 2 OH), is commonly blended with gasoline to boost octane levels and reduce carbon monoxide and other emissions contributing to smog.

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