Fuels For Ireland on LinkedIn: News Update 16.05.24 (2024)

Fuels For Ireland

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Fuels for Ireland (FFI) gathers news of interest and consequence to everyone involved in the Irish fuels sector. We collate a daily briefing for members of this LinkedIn page and are eager to hear any thoughts, comments and perspectives on the articles we share. Please also let us know if you know anyone else who might find these updates useful. News reports today include: ROI & UK updates on rising fuel prices, a profile piece with Maxol's Brian Donaldson, battery electric car sales and more.

News Update 16.05.24 Fuels For Ireland on LinkedIn

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  • Coltura

    629 followers

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    Norway’s transition to electric vehicles is now seeing success in slashing gasoline use, with a 9% decline in motor fuel sales year-over-year for the month of September.“This is important because when we talk about electrifying the auto industry, the point is not just to get people into better cars with neat new technology. The point is to reduce oil consumption, such that carbon that belongs underground stays there – permanently.”https://lnkd.in/enyHpRza

    Cratering motor fuel sales in Norway show the death spiral that can end oil https://electrek.co

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  • elbwire

    941 followers

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    The death spiral used to kill electric vehicle projects. Low adoption rates meant decreasing scale effects, which made vehicles more expensive, leading to even lower adoption rates. Many great electrification initiatives got stuck in this downloads spiral. Now it seems, the oil industry might face a similar challenge. The article from Electrek.co shows how lower demand for oil leads to increasing prices, making combustion engine vehicles and other uses less attractive,…In electric mobility pioneering Norway this effect can already be observed. Other countries usually follow with just some delay.Electric mobility looks more and more like the most robust strategy to handle the upcoming uncertainties.https://lnkd.in/enyHpRza

    Cratering motor fuel sales in Norway show the death spiral that can end oil https://electrek.co
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  • Eamonn Mulholland

    Senior Policy Advisor at the Department for Transport, UK

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    Sales of zero-emission buses continue to break records in Europe; in the second quarter of this year, the share of zero-emission city buses climbed to 40% firmly establishing its position as the dominant technology choice. The vast majority of these sales were pure electric (38%), with a low but growing share of hydrogen fuel cell (2%).Six Member States only sold zero-emission city buses this quarter (NL🇳🇱, DK🇩🇰, SI🇸🇮, IE🇮🇪, FI🇫🇮, and PT🇵🇹). Most of these are electric, but hydrogen fuel cell buses are gaining slow and steady momentum in some larger countries, like DE 🇩🇪 and FR 🇫🇷. However, there are still heavy amounts of natural gas sales in FR 🇫🇷 and IT 🇮🇹, a technology which offers little climate benefit over diesel.The European Commission has proposed a target of 100% zero-emission bus sales by 2030. The current market trends indicate this is a very achievable standard, as more and more countries phase out the sale of the internal combustion engine city bus.Lastly, we at The International Council on Clean Transportation plan to start releasing quarterly updates like these for the whole EU heavy-duty sector (so trucks and buses). Follow us here if you want to start seeing more regular data about this rapidly changing sector.

    • Fuels For Ireland on LinkedIn: News Update 16.05.24 (11)

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  • Ed Schmidt

    Strategy | Advisory | Investments | Innovation | Climate Tech

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    Europe leading the transition to zero emission transport. Interesting to see a few of those also investing in hydrogen fuel cell (with the Netherlands even at 25% share).#energytransition #transport #ev #fuelcell #hydrogen

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  • Future net zero

    12,625 followers

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    UK EV market boom: Industry urges VAT cut on public chargingThe BEV market grew by 39.4% in June, according to a new industry reportSociety of Motor Manufacturers and Traders (SMMT)Mike HawesBritish GasGavin Murray#EVs#EVcharging#evcharginginfrastructure#energycosts#energymarket#energyprices#energycrisis#energydemand#energysector#electricvehicles#dieselengines#petrolcars#dieselcars

    UK EV market boom: Industry urges VAT cut on public charging - future Net Zero https://www.futurenetzero.com

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  • Hari Vamadevan

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    Following the recent announcement by the UK Government on changes to its green commitments, one of the key switches was a five-year delay to the ban of new petrol and diesel car sales. This has been extended to 2035. Interestingly, earlier this year the Government stated that at least 22% of the cars sold in 2024 would have to be electric vehicles (EVs) and this would increase to 80% by 2030. Companies face fines if they do not hit that target. Now, this figure hasn’t been revised.DNV’s UK Energy Transition Outlook (ETO) report forecasts that in terms of existing stock in the UK, EVs are expected to account for up to 27% of the passenger vehicle stock by 2030, rising to more than three quarters by 2040, and 99% by 2050. Policy can be helpful to drive this change, but as the cost of EVs drop, infrastructure and ranges improve, and as the price point pivots in favour of EVs rather than petrol and diesel vehicles, it will be the consumer who will prove to be the deciding factor in making EVs the vehicle of choice in the UK, ultimately contributing to reduced carbon emissions. Read our #UK_ETO for more insights: https://lnkd.in/e4T4Ehdt#EVs #ElectricVehicles #EnergyTransition #UKETO

    • Fuels For Ireland on LinkedIn: News Update 16.05.24 (21)

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  • Trucks, Parts, Service

    1,293 followers

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    Generous incentives have long been used to motivate fleets to adopt alternative fuels and powertrains to reduce emissions. But might disincentives, like a higher diesel tax, help boost alt fuel sales even more?

    Diesel price hike to boost alt fuel adoption a 'non-starter' truckpartsandservice.com
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  • Dale Fraser

    President @ Daleco Limited :: Driving Operational Excellence

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    The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels of oil a day by 2030.

    Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022 - News - IEA iea.org

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  • CCJ —Commercial Carrier Journal

    6,584 followers

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    Generous incentives have long been used to motivate fleets to adopt alternative fuels and powertrains to reduce emissions. But might disincentives, like a higher diesel tax, help boost alt fuel sales even more?

    Diesel price hike to boost alt fuel adoption a 'non-starter' ccjdigital.com

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  • BusinessComparison

    910 followers

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    2030 ➡ 2035. The PM's decision to delay the ban on new petrol and diesel car sales in the UK has ignited a debate within the automotive industry. Here are the implications for SMEs.#Petrol #Diesel #PetrolBan #Energy

    Government slams the brakes on petrol ban businesscomparison.com

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