This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oilprices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “
GlobalData research shows that lower oilprices 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.
Could the economic downturn triggered by the COVID-19 pandemic affect electric vehicle sales? The research firm Wood Mackenzie last Wednesday already suggested that it will—and that global sales of electric vehicles could drop 43 percent in 2020. The firm’s research ratcheted EV sales expectations way down from 2.2
Oilprices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Aside from a single week in October, the US oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil.
The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oilprices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.
Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oilprices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock.
Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oilprices throughout the economy.”. Bernard Weinstein, Ph.D., However, the decline continues to hammer drillers and producers hardest.
Despite the increases in production, EIA expects the Brent crude oilprice to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% and by 1.5% in the commercial sector.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oilpricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.
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.
The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 CAR projects sales to rebound to 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025.
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).
Total PEV sales in Asia-Pacific. Unit sales of all electrified vehicles in Asia-Pacific will surpass 1.2 China alone will experience a CAGR of 76% to reach 554,114 unit sales of all electrified vehicles by 2015, and will represent 53% of total regional sales. Click to enlarge. billion in 2015.
Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% during the week with the year-on-year loss at a gaping 25.9%.
Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oilprices,” Bank of America Merrill Lynch warned. That would alter oil demand forecasts, but in complicated ways. EV sales are growing quickly, with the number of EVs on the roads picking up pace.
Overall, worldwide sales forecasts—and hence the related production forecasts for EVs and PHEVs—are more conservative than in the preceding survey period. Forecasts for vehicle sales in China, the US and Japan have been corrected downward. Extracting oil by fracking could stabilize the oilprice over the next few years.
In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., million vehicle sales in 2015 to more than 6.0 vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6
Increased sales for hybrids and PHEVs. Projected sales of alternative-fuel vehicles in the AEO2013 Reference case are lower than in AEO2012, with the majority of the reduction reflected in sales of flex-fuel vehicles (FFVs), which in 2035 are about 1.3 million FFV sales in the AEO2012 Reference case. Overall findings.
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). Emerging economies such as India are forecast not to see significant EV sales until the late 2020s.
Due to high oilprices and strengthening regulations on emissions, the demand for gas engines is increasing. We expect these high-output gas engines to help Hyundai Heavy expand our product lines, diversify target markets, and boost sales. —Kim Jeong-hwan, COO of Hyundai Heavy’s Engine & Machinery Division.
From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research.
” 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%
Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units for 2020, with light vehicle sales forecast to post 22.4 million units. year over year.
The CAR study uses the distribution of hybrid sales as the basis to estimate the distribution of plug-in electric vehicle sales. Within the study, CAR denotes the percentages it used to divide national electric vehicle sales among states. The study uses hybrid vehicle sales in each of the 50 states as a proxy for.
Conventional wisdom says low gas prices are poison to sales of fuel-efficient cars, but a new survey indicates that may not be the case. Despite average gas prices of less than $2.00
According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%.
In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% million LD NGVs sales in 2025. However, the collapse in global oilprices has eroded a significant portion of the natural gas cost advantage. million in 2025.
The oilprice shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.
In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales.
However, for 2022, EIA expects that continuing growth in production from OPEC+ and accelerating growth in US tight oil production, along with other supply growth, will outpace growth in global oil consumption and contribute to declining oilprices. EIA forecasts that US retail sales of electricity will increase by 2.8%
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. per year.
Traditional EOR supplies of naturally occurring carbon dioxide stored underground is running out, and with oilprices expected to remain above $80/bbl it is important for oil companies to maximize oil production with enhanced oil recovery.
Demand in China's NEV market has held steady amid high international oilprices, the CPCA said. The post China's Nov wholesale sales of passenger NEVs hit record 732,000, CPCA estimates show appeared first on CnEVPost. For more articles, please visit CnEVPost.
Energy demand and oilprices have been in a nosedive, and that could be a good thing for renewable energy. And why did sales sink so dramatically for the two top-selling electrified vehicles in the U.S. Two tech companies with range-anxiety-soothing ideas have been nudged to the next level by investors. This and more.
OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oilprices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oilprices will remain below US$60 this year.
Since late 2014, the production of crude oil has outpaced demand, triggering a sustained collapse in world oilprices, which have remained mostly below $50 per barrel. As a result, these low prices have put pressure on the market for natural gas vehicles (NGVs) and the corresponding refueling infrastructure.
percent to 2 percent of total global vehicle sales, and account for less than 0.5 percent of the global vehicle fleet; so their influence on the oil market, in the short term, is limited. Vehicle efficiency improvements will be more influential on oil demand than fuel substitution during the next 10 years. —Spencer Welch.
Improved supply and expectations of higher oilprices have kept the NEV market booming with strong order books, the CPCA said. The post China's wholesale sales of passenger NEVs total 564,000 units in July, CPCA data show appeared first on CnEVPost. For more articles, please visit CnEVPost.
Today, a proposed bill could cut Georgia's electric-car fee, an advocate makes the case for diesel pickup trucks, and a huge trader believes oilprices will remain low for a decade. The Tesla Model X electric crossover will go on sale in China before Europe. All this and more on Green Car Reports.
Modelled vehicle sales per year in Scenario 3. Such economic benefits could be realized earlier through effective policies which reduce first mover costs in the short term and promote rapid take-up once non-ICE vehicle price premiums reduce to levels that make them affordable to. There are increased sales of HEVs in the near term.
Overall, Navigant forecasts that global retail sales of all liquid fuels for the road transportation sector will grow from more than $2.6 National energy security is a primary driver for many nations, as increasing percentages of biofuels within the petroleum supply chain dampens the effects of spikes in oilprices on retail fuel prices.
In two other scenarios considered, a high oilprice scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. Electric Cars in the United States: A New Model with Forecasts to 2030” was written by Thomas Becker, a Ph.D.
IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content