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

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GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. However, the amount of time taken to make up that price differential depends on the cost of fuel. —Mike Vousden, Automotive Analyst at GlobalData.

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Navigant forecasts global natural gas fleet of 34.9M by 2020

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Natural gas is about 41% the cost of gasoline, Navigant says, noting that compressed natural gas (CNG) equipment adds between 10% to 40% to the cost of the vehicle due to the CNG cylinders and engine equipment, while liquefied natural gas (LNG) adds 60% to 80% due to the more expensive storage tanks. million sales expected in 2013.

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ICCT study finds state EV incentives playing a significant role in driving sales

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A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. Earlier post.).

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BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

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BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Their use case will mostly be in shorter-distance applications.

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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Passenger electric vehicle (EV) sales are set to grow rapidly in the next few years, rising from 6.6 The fleet of EVs on the road hits 77 million by 2025 and 229 million by 2030, based on BNEF’s Economic Transition Scenario. Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. However, looking ahead, about 80% of the growth in the global fleet will come from non-OECD countries. Source: ExxonMobil.

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