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The collapse in world oilprices 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
Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.
The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040. Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Tcf in 2012 to 2.1
Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. Of course, other countries benefit from this fact, with about $900 million flowing out of the US to buy foreign oil every day, and about 40% of that going to OPEC. [ Source: EIA. Click to enlarge.
The current plunge in oilprices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oilprices.
The Panasonic Group will supply the lithium-ion batteries for Toyota Motor Corporation’s Prius Plug-in Hybrid. This will be the first time for the Panasonic Group to supply its lithium-ion batteries for a mass production plug-in hybrid vehicle. Earlier post.) Li-ion cell for Prius PHV. Click to enlarge.
The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market.
improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oilprices increasing to $200 per barrel: Low. The high electric transportation scenario combines the advanced battery scenario with high oilprices ($200/barrel in 2035).
One of the many charts available from the maps and data library on the AFDC site, this shows the number of light-duty alternative fuel vehicles (AFVs), hybrid electric vehicles (HEVs), and diesel models offered by vehicle manufacturers from 1991 through 2012. Click to enlarge. What if I start using B20 biodiesel in my heavy-duty trucks?”.
Increased sales for hybrids and PHEVs. Reductions in battery electric vehicles are offset by increased sales of hybrid and plug-in hybrid vehicles, which grow to about 1.3 Although about one-half of new LDV sales in 2040 use diesel, alternative fuels, or hybrid technology, only a small share, less than 1%, are all-electric.
In their analysis, the authors examined the effect of 5 factors on EDV deployment: crude oil and natural gas prices; a federal CO 2 policy; a federal renewable portfolio standard (RPS); and EDV battery cost. No EDV deployment occurs with high battery costs, low oilprices, and no CO 2 policy.
million hybrids, and 0.6 Among their findings were: RFS2 is satisfied at extreme oilprices (at least $215/barrel). This oilprice encourages biofuel use in the RFS2 timeframe, but not in the long run. This oilprice encourages biofuel use in the RFS2 timeframe, but not in the long run.
” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oilprices in the $90/bbl region. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2%
Costs of light-duty plug-in hybrid electric vehicles (PHEVs) are high—largely due to their lithium-ion batteries—and unlikely to drastically decrease in the near future, according to a new report from the National Research Council (NRC). Transitions to Alternative Transportation Technologies—Plug-in Hybrid Electric Vehicles”.
Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oilprices and oilprice volatility. Electrification will reduce emissions, with the scale determined by the carbon intensity of the power sector. Vehicle technologies. Policy options.
The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.
The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. Oil security policy. If the price later rose above $90, the tax would disappear.
For the report, Forecast Uptake and Economic Evaluation of Electric Vehicles in Victoria , AECOM modelled the likely penetration of electric vehicles (including hybrid vehicles, plug-in hybrid electric vehicles and. The analysis is based on central forecasts of oilprice, electricity. Scenario 1. This is primarily due to.
vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6 These include the dive in oilprices that began in mid-2014, as well as the phasing out of some local government purchase incentives. million vehicle sales in 2015 to more than 6.0 million in 2024.
This long-term growth is expected to be propelled by improving vehicle technology economics—a function of battery innovations, government transportation energy policies, oilprice projections, and movements to price carbon. —Scott Shepard, senior research analyst with Navigant Research.
Oil Imports. US crude oil and petroleum product imports would fall sharply, by 3.2 billion fewer barrels of foreign oil. Global Demand for Oil. World demand for oil would fall, leading to lower world oilprices. Resilience to Future Price Shocks. million barrels per day by 2030.
The CAR study uses the distribution of hybrid sales as the basis to estimate the distribution of plug-in electric vehicle sales. The study uses hybrid vehicle sales in each of the 50 states as a proxy for. Source: CAR. Click to enlarge. In a new study, the Center for Automotive.
In the near-term (2011), lithium-ion batteries could grow to represent about 21% of the hybrid and EV advanced battery market, according to Dr. Menahem Anderman, President of Advanced Automotive Batteries and the organizer of last week’s Advanced Automotive Battery Conference 2009. By 2015, he suggests, full hybrids (e.g.,
million), including hybrid, plug-in hybrid, and hydraulic hybrids. Lithium ion batteries also have dual-use applications in the commercial automotive industry for hybrid electric vehicles. Advanced batteries are also recognized as a critical component of developing military hybrid vehicles. $8 Of the total, $99.5
Focus, Renault Megane, Toyota Corolla and Opel Astra—in their analysis, and compared EV configurations to a regular gasoline car, diesel car, parallel hybrid car and series HEV (SHEV). They assumed an oilprice of US$80/bbl, close to the short-term. and series hybrid cars by more than €800/year. This cost gap.
Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport.
Whereas fuel cost used to be a major driver for fleet managers, the lowering of oilprices and the availability of low-cost natural gas has reduced this concern, Navigant notes. A major factor has always been the cost of battery packs.
The recall of Toyota’s Prius is causing some observers to question whether the prospects for the entire hybrid electric vehicle (HEV) and electric vehicle (EV) markets are fundamentally hurt. Tags: Hybrids Perspective Plug-ins Vehicle Manufacturers Vehicle Systems. Earlier post.]. We don’t believe so.
Two key drivers of EV adoption include climate concerns and oilprices. In contrast, plug-in hybrid electric vehicles (PHEVs) will be the largest category in Japan, which is expected to be the region’s second-largest market for all PEVs.
Energy demand and oilprices have been in a nosedive, and that could be a good thing for renewable energy. Two tech companies with range-anxiety-soothing ideas have been nudged to the next level by investors. And why did sales sink so dramatically for the two top-selling electrified vehicles in the U.S. leading into the pandemic?
In the transportation sector, DOE will focus on technologies that significantly reduce oil consumption and diversify fuel sources for on-road transportation. Electrification is the next greatest opportunity to dramatically reduce or eliminate oil consumption in the light-duty vehicle fleet. Vehicle Electrification.
While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. Ship electrification and renewables.
The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. US crude oil production increases from 5.4 World liquids consumption grows from 83.7
OEMs experience a shortfall in profit margins if they sell a plug-in hybrid vehicle (PHEV) rather than a vehicle with a conventional powertrain. Extracting oil by fracking could stabilize the oilprice over the next few years. Source: Roland Berger. Click to enlarge. —Roland Berger Partner Thomas Schlick.
When oilprices drop, the knee-jerk response of many analysts is to forecast doom for sales of electric cars, plug-in hybrids, and other green cars. It plans to to forge ahead with an expansion of its electrified-vehicle range, regardless of how low oilprices get. DON''T MISS.
Very broadly, they found that an LCFS would buffer the economy against global oilprice spikes, trim demand for petroleum, and lessen upward pressure on gas prices. An LCFS is a hybrid of a regulatory and market policy instrument. Treat all crude oils as part of the overall pool of transportation fuels.
Will be competitive at an oilprice of $45 to $90 at their commercial date. This technology could avoid both the need for significant capital investment to upgrade refineries to produce more low sulfur fuel oil (LSFO) and greater dependence on costlier, low sulfur crudes. Technologies in this area include: Plug-in hybrids.
Conventional hybrid electric vehicles (HEVs) have been on sale in the US for more than ten years; new vehicle hybrid sales in 2010 were approximately 2.5%. Current federal government policies, investments, research and development, and demonstration efforts supporting the deployment of EVs. —One Million Electric Vehicles by 2015.
H ere is another very encouraging development Nissan to end Toyota hybrid tie-up The Yomiuri Shimbun N issan Motor Co. will develop a new hybrid vehicle technology on its own, which would end a joint agreement with Toyota Motor Corp., sources said Friday. Compared with nickel-hydrogen batteries, which Toyota and Honda Motor Co.
Here's the story from the LA Times: Toyota promises plug-in hybrid vehicle in U.S., Japan and Europe by 2010 By Yuri Kageyama, The Associated Press June 11, 2008 TOKYO -- Toyota is introducing a plug-in hybrid with next-generation lithium-ion batteries in the U.S., Event Summary Oilprices are at record highs.
The vehicle choice model predicts a transition to Hybrid Electric Vehicles (HEVs) in the short term (5-10 years); to Plug-in Hybrid Electric Vehicles (PHEVs) over the medium term (5-20 years); and to full Electric Vehicles (EVs) over the longer term (20 years plus). Economic Viability of Electric Vehicles. 2009, AECOM).
To further abate GHG emissions in road transport by 2030, more biofuels and hybrid powertrains for passenger cars as well as more biofuels and new truck concepts for commercial vehicles are a cost effective way of delivering more GHG savings from transport and with supportive polices they can deliver an extra 34 Mt CO 2 e by 2030.
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