electrified transport system
This week, some of the world’s largest automobile companies presented their flagship electric vehicles at the Shanghai motor show. Many of these electric cars will only be available in China, where there are government subsidies and policies in favor of electric cars. As the world’s largest car market and manufacturing center, China is becoming the center of electric car development.
On Tuesday, Audi introduced its electric sports crossover Q2L e-tron, which will be produced in the southern city of Foshan and is available only in the domestic market of China. The luxury German brand also launched an electric model for China, presenting it in San Francisco last year as the first production electric model. E-tron will also be produced in China starting from 2020. Continue reading
According to estimates by Bloomberg sales of fuel and vehicles has already peaked, and perhaps never more to rise, because the price of batteries fell. The increase in the number of electric vehicles, in turn, means that the peak demand for oil can come in just 10 years.
According to a new Bloomberg NEF report, oil demand is projected to peak in 2028 for passenger cars and in 2035 for commercial vehicles. The rapid growth in electric vehicle sales will cause a slowdown, a peak, and then a drop in oil consumption. Oil prices and the cost of investment in oil companies will fall. Continue reading
On 6 October 2018, the intergovernmental panel on climate change issued a special report to policymakers urging that, in order to avoid the most catastrophic consequences of climate change, we must reduce greenhouse gas emissions by 45% by 2030 and achieve zero emissions by 2075.
Integrated climate change mitigation requires active action in most sectors, particularly transport, which is the leading source of greenhouse gas emissions in the United States and needs reform.
Fortunately, improvements in technology have led to the development of electric vehicles that produce less than 25% of the greenhouse gas emissions from traditional vehicles, according to a report by the California air resources Council. Continue reading