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Discount bonanza: EV prices could be chopped because of changes to NVES CO2 reduction scheme

EV Central

The EV buying bonanza is being predicted because of a change in the way Australias new CO2 reduction rules work. Currently, the New Vehicle Emissions Scheme (NVES) bases an automotive brands combined CO2 emissions on how many vehicles it imports. READ MORE: NVES Strikes! The FCAI also opposes this proposed change in measurement.

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GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. However, the amount of time taken to make up that price differential depends on the cost of fuel.

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PNNL team develops new low-cost method to convert captured CO2 to methane

Green Car Congress

Earlier this year, PNNL researchers revealed that using EEMPA in power plants could slash the price of carbon capture to 19% lower than standard industry costs—the lowest documented price of carbon capture. 2021), “Integrated Capture and Conversion of CO2 to Methane using a Water-lean, Post-Combustion CO2 Capture Solvent.”

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.

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EIA: California drought will decrease hydropower, increase natural gas use and CO2 emissions

Green Car Congress

EIA expects that level of decrease in hydropower generation would lead to an 8% increase in California’s electricity generation from natural gas, a 6% increase in energy-related carbon dioxide (CO 2 ) emissions in the state, and an average 5% increase in wholesale electricity prices throughout the West given the current system configuration.

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EIA expects 7% increase in US energy-sector CO2 emissions as economic activity increases during 2021

Green Car Congress

Despite significant growth in energy-related CO2 emissions as the U.S. EIA forecasts an 87% increase this year in delivered natural gas prices for the electric power sector, and these higher prices will make natural gas a less competitive electricity source. Gasoline prices averaged $3.14 per gallon in August and $2.82

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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

They further estimated that roughly one-fifth of the savings can be attributed to gasoline price increases over the period and four-fifths to fuel economy and greenhouse gas (GHG) standards. gasoline demand would have put upward pressure on world oil prices. Their paper is published in the journal Energy Policy.