for Electric Vehicles
Experts: In the chicken-or-the-egg conundrum between EVs and charging infrastructure, autonomous vehicles are the "rooster." Can regulators keep up?
In a side panel removed from the conference’s primary keynotes, transportation experts laid out a very different vision for the future of mobility, expressing confidence that—at least in urban centers—a shift towards efficient, autonomous, electric vehicles is a matter of when, not if.
SAFE's Fact Pack summary for Q4 looks at recent trends in oil market fundamentals and transportation while also focusing on how American innovation can help job growth in the transportation and domestic energy sectors, a key development that will lessen the country’s dependence on OPEC imports.
Despite EV sales growing at a rapid clip in China, oil demand there is still expected to rise by more than 60 percent in the next couple of decades.
December 2016 EV sales surpassed the previous monthly record set in September by an enormous 44 percent.
The International Energy Agency warns that the age of fossil fuels is far from over. Governments around the world need to step up their policy efforts to find alternatives in the transportation sector in order to keep demand in check.
Last year, consumers globally saved 870 million barrels of oil as a result of efficiency improvements since 2000. Germany and China have been more successful in maintaining fuel economy gains during low oil prices.
Maintaining CAFE Standards and EV Tax Credit Consistent with Trump’s Plan to End Dependence on OPEC Oil
The 2016 election could turn out to be a big win for the oil and gas industry, as Trump has championed deregulation and a rollback of a number of environmental measures.
Despite improvements in charging infrastructure and battery technology, consumers may still be hesitant to buy EVs based on outdated preconceptions.
The commercialization of energy and transportation technologies can be very expensive and risky, so given the enormous task of reducing oil dependence, partnerships established through ARPA-E projects will be very vital.