for Fuel Efficiency
Amidst sweeping changes in the landscape for advanced fuel vehicles, automakers expressed confidence that the shift towards non-petroleum fuels will continue rapidly.
Fuel efficiency standards and the long-term saturation of VMT are key factors that could have a major impact on reducing foreign petroleum dependence in the transportation sector.
A study from a major research group finds that the transition to autonomous cars will bring about a sharp increase in fuel efficiency and hasten the use of alternative energy sources, both of which will slice demand for petroleum.
The contradiction of proposed increases in fuel efficiency standards for large trucks is that although they will reduce oil consumption, they will also discourage the adoption of alternative vehicles that run on natural gas and make them less competitive in the trucking sector.
California based startup Peloton Technology has found a straightforward application of early autonomous technology to create dramatic fuel savings for a thirsty trucking industry.
IEA appears to be taking fuel economy standards at face value, and not recognizing the impact of cheap gasoline on consumer behavior.
It’s now a good time to be in the auto business. Technological advancements are moving at a rapid pace and are set to continue at a fast clip, vehicle sales are at an all-time high, and low fuel costs for consumers are set to persist for the foreseeable future. But there are a number of hurdles on the horizon.
The GM veteran argues that drivers have much to gain from a shared business model underpinning a new age of autonomous mobility.
Crescent Petroleum’s CEO Majid Jafar, in an exclusive interview with The Fuse, said that demand issues had a bigger impact than supply in causing oil prices to fall in the past year, and decisions made now regarding transportation policy can bring about major changes 10-20 years down the road.
We have much to gain from an autonomous transportation system, but technology, regulatory frameworks, and public acceptance must all progress simultaneously to streamline the transition.