Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage
The Port of Corpus Christi saw a 65% increase in crude shipments in 2020 to 96.4 million mt, leading to a record tonnage throughput of 159.7 million mt in a Continue Reading
MIT study measures which kinds of infrastructure improvements could get more electric cars on the road
A new study from researchers at MIT uncovers the kinds of infrastructure improvements that would make the biggest difference in increasing the number of electric cars on the road, a Continue Reading
Mercedes To Take On Tesla With Fully Electric SUV
Daimler AG’s Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen. Mercedes-Benz’s first fully-electric SUV will be available in the coming Continue Reading
Cruise and GM partner with Microsoft to commercialize autonomous vehicles; $2B in new funding, Cruise sending test vehicles to Japan
Cruise and General Motors have entered a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft is joining GM, Honda and institutional investors in a combined Continue Reading
Europe overtakes China in EV sales growth in 2020
Europe superseded China as the global driver of electric car sales in 2020 for the first time in five years, as total EV sales jumped 43% despite the COVID-19 crisis Continue Reading
GM teams up with Microsoft on driverless cars
General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform Continue Reading
Mercedes Joins Tesla, VW in Compact Electric-Car Race
Mercedes-Benz is taking on one of the most complex industry challenges with the rollout of its battery-powered EQA: selling small electric cars without a big profit squeeze. The brand’s first Continue Reading
IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a Continue Reading
Bill Gates and Jeff Bezos Funds Back Hydrogen-Powered Plane Startup ZeroAvia
The hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc. ZeroAvia said it Continue Reading
These Companies Want to Charge Your Electric Vehicle as You Drive
Enthusiasm for electric vehicles has long been held back by concerns about battery life, but what if drivers were able to charge their cars while driving? Several automotive, utility and Continue Reading
Global fossil fuel demand should peak in 2027, says consulting firm McKinsey
Aggregate fossil fuel demand on a global-scale is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of Continue Reading
Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again
The new wave of lockdowns around the world is sending U.S. jet fuel prices slumping and exports slowing to a trickle all over again. It’s not as bad as the crash Continue Reading
Carmageddon: Hidden War Between Motor Cars and People
There is a silent, ongoing, global war between motor cars and people. It is silence because, though it kills many times more people than armed conflicts and terrorist acts combined. Continue Reading
Goldman Finds Unexpected Source Of Demand For 1 Million Bpd Of Oil
Having recently turned even more bullish on the oil market, bringing forward up its year-end $65 Brent price target to the summer on Monday, overnight Goldman’s commodity team turned even Continue Reading
EIA Lowers 2021 Global Oil Demand Growth Estimate
Global oil demand is expected to grow by 5.6 million barrels per day (bpd) in 2021 compared to the 2020 low of 92.2 million bpd, the U.S. Energy Information Administration Continue Reading
GM Presents Cadillac Flying Car For Rich People
General Motors stole the show on Tuesday after unveiling the Cadillac Vertical Take-Off and Landing (VTOL) vehicle and electric shuttle concepts in a virtual presentation at the CES expo, according Continue Reading
World’s Top Oil Trader: Airline Travel Won’t Recover Until Late 2021
Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021, when mass Continue Reading
Hunt for the Next Tesla Fuels Wave of Electric-Vehicle Deals
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses Continue Reading
GM charges up new unit to sell electric delivery vans, gear
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s Continue Reading
New GM Electric-Truck Business Targets Delivery Market
General Motors Co. GM 6.24% is launching a new electric-truck business geared toward delivery services, the latest in the company’s efforts to commercialize battery technology it is developing in-house. Following the news, shares of GM Continue Reading
EIA shaves gas consumption decline forecast, even as power sector use softens
The US Energy Information Administration Jan. 12 raised its natural gas consumption forecasts for the first two quarters of 2021, even as it continued to predict rising gas prices will Continue Reading
Look, up in the sky – it’s a flying Cadillac! GM unveils futuristic vehicle
General Motors Co on Tuesday presented a futuristic flying Cadillac – a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the Continue Reading
GM launches BrightDrop: first-to-last-mile electric ecosystem for goods & services
General Motors has launched a new business, BrightDrop , which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods Continue Reading
Volkswagen Passenger Cars lifts global deliveries of BEV vehicles by 197% and of electric vehicles overall by 158% in 2020
In 2020, Volkswagen Passenger Cars delivered more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). This brought the Continue Reading
Carnival Set to Post $2.2 Billion Quarterly Loss as U.S. Sailing Hiatus Nears One Year – WSJ
Carnival Corp. CCL -1.61% said it is continuing to burn cash and expects to post another sizable loss after almost a year since onboard coronavirus outbreaks brought its voyages to a halt in the Continue Reading
Tesla’s $25,000 Car May Hit The Market Sooner Than Planned
Tesla may be closer to producing the US$25,000 electric vehicle sooner than the market thought, according to media reports. At Tesla’s Battery Day in September 2020, Elon Musk said that Continue Reading
Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales
Mercedes-Benz experienced a sharp increase in xEV deliveries in 2020, with more than 160,000 plug-in hybrids and all-electric vehicles sold worldwide (+228.8%), including about 87,000 units in the fourth quarter Continue Reading
Ford, Other Auto Makers Cut Output, Idle Workers on Chip Shortage –
A chip shortage that has disrupted vehicle production in other parts of the globe is reaching U.S. shores, stifling output for major car companies and dimming prospects for a smooth Continue Reading
GM changes brand logo to highlight EV future
General Motors on Friday unveiled a new corporate logo, its first major logo change since 1964, as part of a new campaign to accelerate the automaker’s focus on electric vehicles Continue Reading
Goldman: Saudi Oil Strategists Fear Weak Demand In 2021
Saudi Arabia’s unexpected major oil production cut announced on Tuesday is likely a sign that the world’s largest oil exporter expects oil demand to weaken in coming weeks due to Continue Reading
For first time in 5 years, US gas mileage down, emissions up
A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years. The mileage increase comes as Continue Reading
BNSF and Wabtec commence battery-electric locomotive pilot test in California
BNSF Railway Company and Wabtec began testing battery-electric locomotive technology in revenue service between Barstow and Stockton, California. As BNSF seeks ways to further reduce its environmental impact, the advancement Continue Reading
How GM plans to overtake Tesla for the electric car crown Detroit carmaker aims to sell 1m electric vehicles in 2025
As chief executive Mary Barra announced the acceleration of General Motors’ rollout of 30 vehicle models in November, she said the carmaker was “committed to fighting for EV market share until Continue Reading
Airlines Buckle Their Seat Belts for a Bumpy 2021
Airlines are betting that coronavirus vaccines will reignite demand for travel this year. The question is when. Delta Air Lines Inc. Chief Executive Ed Bastian expects improvement starting this spring. Alaska Continue Reading
Cirium: 21 years of airline passenger traffic growth wiped out in 2020
Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. The report shows that Continue Reading
Xpeng delivered 27k EVs in 2020; 5,700 in December
Xpeng Inc, a Chinese smart electric vehicle company, announced its vehicle delivery results for December 2020, the fourth quarter and year-ended December 31, 2020. Xpeng achieved a record monthly delivery Continue Reading
Covid-19 Live News: U.S. Air Travel Hits Pandemic High, Adding to Fears of Yet More Case Surges and the New Variant
With the coronavirus raging in many parts of the country and hospitals dangerously overstretched, public health officials warned on Sunday that more calamitous days may be ahead, as infections tied Continue Reading
Airbus exploring hydrogen fuel cell propellor “pods” for aircraft propulsion
Airbus is conducting studies to determine how scalable a hydrogen fuel cell “pod” configuration, among others, could be to large commercial aircraft. The aviation industry has developed numerous configurations—twinjet, s-duct, Continue Reading
The Top 5 Energy Stories Of 2020
Some years there is an energy story so big that there’s no question it belongs at the top of the list. The Deepwater Horizon oil spill in 2010. The Fukushima Continue Reading
Cruise Ships Can’t Sail Away From Covid
Authorities around the world halted voyages on large passenger ships in March after Covid-19 tore through scores of vessels, but cruising never really stopped. Smaller cruise ships exempted from the suspension continued to Continue Reading
ABI: 2021 will be the year EVs begin entry into the automotive mainstream
2021 will kickstart a decade of growing Electric Vehicle (EV) adoption, which will see EV sales move from a rounding error of total new vehicle shipments to more than a Continue Reading
BMW To Challenge Tesla With Ambitious EV Plan
As if Tesla’s inclusion in to the S&P 500 and ARK Invest’s batshit insane impressive fund inflows over the last couple weeks haven’t been enough to make you consider a Continue Reading
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Continue Reading
Is The Energy Transition Creating A Major Investment Bubble?
Tesla this month joined the S&P 500 as the fifth-largest company on the index, after its stock skyrocketed this year, driving a lot of appetite for EV investment in general. Continue Reading
Toyota launches C+pod ultra-compact battery electric vehicle in Japan
Toyota Motor Corporation announced a limited launch of the C+pod ultra-compact battery electric vehicle (BEV) to corporate users, local governments and other organizations that have been exploring new options to Continue Reading
Your Next Car May Let You Drive Hands-Free. Is That a Good Thing?
Auto makers are starting to sell cars with automated steering and speed control to ease what they say is the tedium of driving, and might even allow drivers to go Continue Reading
GM to Tout Electrification Drive, Plug-In Pickup at CES
General Motors Co. Chief Executive Officer Mary Barra plans to provide a peek of upcoming electric vehicles at CES next month and bolster the automaker’s credentials as a rising power Continue Reading
Not Even Christmas Can Save a Battered Market for U.S. Jet Fuel
Even with air travel surging ahead of the Christmas holiday in the U.S., demand for jet fuel is unlikely to fully recover anytime soon. Foot traffic through airports last weekend topped Continue Reading
Nuro gets first California OK to charge money for self-driving services
Robotics company Nuro on Wednesday received the first-ever permit to commercially deploy its self-driving vehicles in California, allowing the Silicon Valley firm to charge clients for its driverless delivery service. Continue Reading
Apple To Build Own EV With “Breakthrough” Battery Tech
Apple plans to manufacture an electric passenger vehicle with its own breakthrough battery technology in 2024, sources with knowledge of the plans told Reuters , in what could be a Continue Reading