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The rising fueleconomy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Natural gas overtakes coal as the largest fuel for US electricity generation. from 2012 to 2040, compared to 1.2% per year, from 21.5
The fueleconomy standards are increased through model year 2020 to meet the statutory requirements of EISA2007. The AEO2011 Reference case does not include the proposed fueleconomy standards for heavy-duty vehicles because the specifics of the new standards are not yet available. Unconventional vehicle sales.
Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. Fossil fuels’ contribution to primary energy growth is projected to fall from 83% to 64%. Oil, excluding bio-fuels, will grow relatively slowly at 0.6%
quadrillion Btu in 2035, as a result of fueleconomy improvements achieved through stock turnover as older, less efficient vehicles are replaced by newer, more fuel-efficient vehicles. Beyond 2035, LDV energy demand begins to level off as increases in travel demand begin to exceed fueleconomy improvements in the vehicle stock.
In recent years, the US electric power sector’s historical reliance on coal-fired power plants has begun to decline. Emissions per capita fall by an average of 1% per year from 2005 to 2035, as growth in demand for transportation fuels is moderated by higher energy prices and Federal fueleconomy standards.
AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High OilPrice, and High Oil and Gas Resource) that reflect updated scenarios for future crude oilprices. trillion cubic feet (Tcf) in the Low OilPrice case to 13.1
barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported. Energy demand. — WEO-2012. Renewables.
DOE recognizes that technology developments can help make vehicles more efficient and alternative fuels more economic, but the deployment of any technologies it helps develop is largely determined by policies, such as Corporate Average FuelEconomy standards. Impartial DOE research can help inform these standards. fleets).
By contrast, subsidies for fossil fuels amounted to $409 billion in 2010. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oilprice remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Click to enlarge. Electric vehicles.
The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oilprice or expectations of future demand. Historical scenario. (A)
The database includes joint Corporate Average FuelEconomy (CAFE) and GHG emission standards for LDVs. The team explored other scenarios including different levels of CO 2 and CH 4 fees applied to the BAU and OPT scenarios; different levels of LDV demand; and different oilprices.
But the stronger governmental and consumer push for passenger vehicle fueleconomy gains driven by energy security concerns and climate change initiatives have also led to reduced demand for oil in the OECD. Future world oil demand growth will be driven almost exclusively by emerging markets, the report concludes.
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