Remove Economy Remove Oil Prices Remove Standards
article thumbnail

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

A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. Estimated attribution of fuel savings due to fuel economy improvements to light-duty vehicles since 1975.

article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

article thumbnail

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

Compared to the reference case, in which gasoline vehicles (ICEVs) remain dominant through 2050 (BAU), OPT results in 16% and 36% reductions in LDV greenhouse gas (GHG) emissions for 2030 and 2050, respectively, corresponding to 5% and 9% reductions in economy-wide emissions. Credit: ACS, Keshavarzmohammadian et al. Click to enlarge.

Emissions 150
article thumbnail

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150
article thumbnail

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

Green Car Congress

The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Between 2008 and 2012, Asia’s consumption increased by 4.4 million bbl/d.

article thumbnail

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

new appliance standards and CAFE) and changes in the way energy is used in the US economy. quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. Biofuels grow at a slower rate due to lower crude oil prices and. quadrillion Btu in 2011 to 14.0

Fuel 225
article thumbnail

Navigant forecasts global sales of light-duty stop-start vehicles to grow from 19M in 2015 to 59 million by 2024

Green Car Congress

The recent dip in global oil prices has weakened this push, particularly in North America, where the market for stop-start vehicles (SSVs) has also suffered from some bad press about the performance of the first systems introduced. This also offers opportunities for other engine efficiencies such as electric boost.

Light 150