New Tory plans to bring forward ICE phase-out date to 2035 ‘nowhere near enough’, industry warns

Sales of petrol and diesel vehicles could be phased-out by 2035 in new plans revealed by transport secretary Grant Shapps. The intent to examine the phase-out date was announced yesterday (30 September) by Shapps at the Conservative party conference in Manchester. “If we’re to become the world-leader in green technology, we must always be looking

Are Electric Vehicles Near a Tipping Point?

Oil consumption continues to rise in the U.S. and around the world, but as electric vehicles keep growing as a percentage of vehicle sales, there will ultimately be a tipping point on multiple fronts. The first will be manufacturers investing in more EVs to ultimately overtake internal combustion engines, which is happening today from Tesla

The sun sets on drilling (Image: Pexels)

Economics of Electric Vehicles Mean Oil’s Days As A Transport Fuel Are Numbered

The future is not looking bright for oil, according to a new report that claims the commodity would have to be priced at $10-$20 a barrel to remain competitive as a transport fuel. The new research, from BNP Paribas, says that the economics of renewable energy make it impossible for oil to compete at current