Remove Cost Of Remove Oil Prices Remove Purchase
article thumbnail

Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. We could easily see the oil rig count down 100 by the end of the year, or more.” Some of the more expensive shale regions will not be profitable at current prices.

article thumbnail

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.

CO2 353
article thumbnail

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oil prices and better prepares us for the future. Freedom Fleet vehicles will cost approximately $7,400 per year over that period; saving taxpayers approximately $1,600 per year per vehicle.

article thumbnail

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

No EDV deployment occurs with high battery costs, low oil prices, and no CO 2 policy. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase.

Emissions 236
article thumbnail

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

scenarios, and the sensitivity of the model to particular factors, the analysis reveals areas where intervention may be warranted: The capital costs associated with vehicle purchase, in relation to the costs for conventional vehicles; Supply constraints in the Australian market; and. operating cost savings increase.

PHEV 210
article thumbnail

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Green Car Congress

By contrast, those in the wealthiest car-owning households are spending around 12% of their disposable incomes on purchasing and operating a car. Of a total weekly expenditure of £167 (US$250), those in the poorest car-owning households see £44 (US$66) go on vehicle-related purchasing and operating costs.

article thumbnail

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

Green Car Congress

The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. Derive GHG emissions and costs of charging of EVs in the 2015 Dutch context and. We therefore.

Plug-in 236