A favorable political environment is needed to support electric vehicle policies, and countries must be wealthy enough to afford subsidies. EV policy also needs to be clear and sustained to give consumers and automakers certainty.
Despite the rise in EV sales in China, long-term trends of a rising population and a growing middle class will increase the country’s appetite for petroleum.
SAFE's Matt Piotrowski talks to Platts Capitol Crude about China’s motivations behind its crude futures contract, what its chances are for success, and why it matters for U.S. consumers and American energy security.
The petrodollar system isn’t going to be turned upside down overnight, but China’s rising status will continue to disrupt the status quo, sending a powerful message that the country seeks to consolidate its strength as an economic superpower.
Although China has yet to pass autonomous vehicle (AV) legislation, behind the scenes Chinese lawmakers are moving to adopt uniform standards on AV testing to prepare for eventual widespread commercialization.
The glut of supply could last years, threatening to keep prices low until the 2020s, but the oil majors are playing the long game, expecting the demand for gas to grow substantially over time.
Petroleum has become a crucial tension point in the United States’ attempt to scale back North Korea’s nuclear ambitions.
Small independent refineries in China thrived in 2015 and 2016 as a result of low crude prices and high exports of refined products, but the road ahead looks bumpier as analysts see consolidation in the country's downstream sector.
Coinciding with NDEW, SAFE’s Electrification Coalition is releasing a case study with the best practice recommendations developed through the Drive Electric Northern Colorado initiative.
The car industry is moving forward with new EV models, governments have set aggressive targets, and consumers are becoming more comfortable with the new technology, bringing about ideal conditions for electric cars to continue to thrive, even with low oil prices.