It’s an all-electric freight truck with a space-age design, a 500-mile range and a price tag of $180,000. Elon Musk, its developer, has named it the Tesla Semi, but enthusiasts might give it another name: the Opec slayer. As Opec ministers gather in Vienna today, the oil industry’s many critics hope that the Tesla Semi and other recent innovations are driving an energy revolution that will bulldoze the group of 14 oil-exporting nations, which pump a third of world oil, into irrelevance. In the debate over future oil demand, the take-up of electric trucks and lorries plays an important role. The growth of commercial transport, especially in Asia, is expected to be a key factor supporting oil markets over the next two decades. That demand for petrol and diesel in passenger cars will fall in the decades to come is more or less accepted, not only because of rising sales of electric vehicles but also advances in the fuel efficiency of internal combustion engines. Global average fuel efficiency is expected to improve to 40 miles per gallon by 2040 from about 25mpg today, so, in theory, the total number of cars could continue to rise sharply while fuel demand drops. That is even without an explosion in the adoption of electric vehicles. Electric lorries are a different matter and their influence on future oil demand is hotly disputed. With global GDP expected to nearly double between now and 2040, flows of trade and goods are also expected to continue to rise.
Times 30th Nov 2017 read more »
Britain’s car manufacturing heartlands have been selected as the site for a new research centre into batteries which it is hoped will revolutionise the automotive sector and make the UK a world leader in the technology. Business Secretary Greg Clark confirmed on Wednesday that Coventry and Warwickshire would be the site of an £80m project to develop batteries for use in the automotive industry. The National Battery Manufacturing Development Facility (NBMDF) will bring together academics and businesses to work on new forms and designs of batteries, as well as their chemistry and components. As the future of transport increasingly looks to be powered by electricity, with news yesterday that a group of firms have teamed up to develop electrically-powered aircraft, the race is on to find the highest capacity, most efficient and lightest form of batteries.
Telegraph 29th Nov 2017 read more »