oil consumption

Electric Cars Will Total More Than 50% Of All New Car Sales By 2040, BNEF…

Bloomberg New Energy Finance has a new prediction about electric cars — they will account for more than half of all new car sales globally by 2040 and account for a third of all light duty vehicles on the road. The latest report was put together by an advanced team of BNEF analysts and takes several factors into account. Its predictions are significantly more optimistic than the last BNEF report just one year ago, which projected sales of electric cars would reach 35% of the market by 2040.

Renewable Energy Production Increased 8.3% & Coal Consumption Dropped 16.3% Last Year in Europe

[social_buttons] The newest eurostat report on energy production and usage in Europe shows that renewable energy production increased 8.3% and coal consumption dropped 16.3% last year. In total, renewable energy accounted for 18.4% of energy production and coal accounted for 9.6%. As I reported earlier this year, the European Union … [continued]