Category Archives: electric cars

BP: The Need for Oil Is Expected To Increase by 2040 with Five Times Growth in Renewables

The demand for oil is expected to peak by 2040 and then decrease, this was stated by BP. This occurrence is due to the increase in renewable energy, electric vehicles, and increasing regulations on plastics.

However, on Tuesday, an energy viewpoint was stated by BP (which is one of the biggest oil companies in Britain) thus, forecasting that the demand for oil will reach a high point at 110 million barrels per day between 2035 and 2040 before gradually slowing and leveling down. Although, the current demand for oil is about 97 million barrels per day.


The viewpoint from the British oil giant solely relies on forecasts and estimates from its “Energy Transition” setting which redirects to government plans, technological and also social happenings.

It is also important to know that BP also forecasts that lots of consumers will shift their attention to electric cars in the near future. Right now, it has been estimated that about 2 million people now use electric cars, but this is likely to increase to about 300 million by 2040.

Nevertheless, the 300 million figure that estimated the expected usage of EV ( Electric Vehicles), only signifies 15% of the amount of the predicted 2 billion passage cars that will be used in 2040, this means that there is still a long way to go before the use of crude oil diminishes, BP executives stated.

Also, there have been lots of speculations that the increase in the production of EV will drive away the use of oil among consumers, but BP’s chief economist Spencer Dale said to the Telegraph that, “the suggestion that the increased growth of EV will cause a decline in oil demand has not really been supported by basic numbers- even though there has been a rapid growth”.

“We have seen the situation on the ban of ICE (Internal Combustion Engines). Even with the ban on the ICE, oil demand will still increase in 2040 than it is presently”.

In addition to these, the reports that stated the Evolving Transition have not predicted that carbon emission will also rise.

However, under the Evolving Translation situation, which accepts that vital rules and technology will continue to evolve at a faster state similar to that seen in the past, oil demand will slow and eventually plateau in the late 2030s.

Also in the ET scenario, there are nearly about 190 million electric cars by 2035 which doubles the estimated 90 million EV’s forecasts. This scenario has also stated that the number of electric cars is expected to increase by extra 130 million in the next years, thus, reaching a total of 320 million cars by 2040.

Other energy research groups have increased their level of EV forecast in recent years. Although, BP’s latest prediction is more predominant.

However, it is necessary to know that the Chief Executive Officer of BP, Bob Dudley, also declared that even though there have been adequate policies ( technological and political) to decrease the rise of carbon emissions, “these measures fall short of the sharp drop in carbon emissions aimed to achieve the Paris climate goals.”

From the viewpoint of BBC  which also pointed out from the outlook of BP, it has been said that BP expects the emissions of carbon to increase by 10% in 2040 – this would shun and collapse the promises made in Paris.

It is important to know also that this BP had suggested that decreasing the demand for oil at 85 million barrels per day would gratify the Paris climate goals.

On a lighter mode, BP has acknowledged the fact that renewable energy is the fastest-growing fuel source and will increase 5 times more by 2040 to attain about 14% of the level of energy consumption of the world. This is more reason why BP is putting all of its stakes in this sector.

However, Bloomberg conveyed that BP currently bought stakes worth $200 million in British solar developer Lightsource Renewable Energy Ltd.  The British oil giant is not stopping at this joint and it has also considered bidding for an Italian company called Terra Firma’s Rete Rinnovabile Srl.

Furthermore, other policies and measures that are available are indenting the level of oil demand across the world today. Dale made it known to the Guardian that if policies are increased on plastics and plastic bags, it will reduce the growth of oil demand per day to about 2 million barrels by 2040.

Dale also told the Guardian that “all over the world, you will see lots of awareness of environmental damages that are associated with plastics.”

Nevertheless, by the end of BP’s forecast period, the growth of electric vehicles would have increased by 15%. Although, the number of EV’s can’t give a total story. When it has to do with knowing the future energy, it all relies on how vehicles are exploited.


Rinkesh is passionate about clean and green energy. He is running this site since 2009 and writes on various environmental and renewable energy related topics. He lives a green lifestyle and is often looking for ways to improve the environment around him.

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White House Has Made Plans to Decrease Renewable Energy Programs By 72%, Report says

It is necessary to note that the president of the United States of America, Donald Trump, stated on Tuesday that his government has ended the unreal “battle on clean coal”. The president has also made it known that he wants to make fossil fuel the main trend of the world.

However, the American government have set out plans to instruct the Congress to decrease the Department of Energy’s renewable energy and other agendas that are associated with efficient energy by 72% in 2019, this was stated by a draft budget that was revealed by Washington Post.


The draft document says that the White House will also ask the congress to stop the weatherization program which has trained lots of people and has helped alleviate bills on different house owners across the country. Also, the budget proposal will obliterate state energy grants and eliminate the study of fuel efficient vehicles.

Furthermore, it is also necessary to note that the level of recent expenditures of the Energy Efficiency and Renewable Energy (EERE) is about $2.04 billion but Trump’s administration is ready to decrease this amount by $575.5 million in 2019, this was also reported by the Post.

In 2018, it was known that Trump wanted $636.1 million to be spent on EERE department, but it was later rejected by the Congress; this was due to the fact that they were in support for an increase in the amount stated by Trump.

The draft budget by the American government decreed a number of cuts and they are aimed to decrease the growth of renewable energy across the country.  Moreover, the draft document stated the reduction of 680 staff in passed budget in 2017 to 450 in 2019. One of the EERE said that, “it is evident that we have made no success in trying to convince the recent government of our value, and if anything, this has also indicated that our value has dropped”

In a statement in response to the Post, the American government said it would not say anything “on any seeped or pre-decisional draft prior to the release of the official document”

We all know that the need for the environment to sustain renewable energy is very important and this is what the EERE supports. The office of the EERE has always been devoted to support the growth of ecological transportation, renewable power, efficient homes and structures across the world and not just the United States alone. It is also vital to know that the EERE program called “SunShot” has drastically decreased the total costs of solar energy in the United States and its environs.

Much of the findings of the EERE is mostly deployed on research and most times at the National Renewable Energy Laboratory in Golden, Co. Also, much of the laboratory’s $293 million budget in 2017 came from the EERE. Sadly, the cut of the budget would be so drastic.

Additionally, the draft has also called for the decrease in the research of fuel efficient vehicles by 82%. This also means that the document has made plans to cut the budget for the production of electric cars from $307 million (which is largest program right now) to $56 million in 2019.

Funds made specifically for bioenergy technologies have been channeled to study renewable fuels from sources which are not from food. Also, this plan will decrease the amount of funds being spent on more efficient building technologies and research into geothermal, hydro, and wind power.

The EERE programs on renewable energy takes about 7% of the Department’s overall budget, majority of the budget is channeled to maintain the country’s nuclear weapons stockpile and take care of different areas that have been adulterated by the country’s nuclear activities.

Trump’s decree on the cuts comes at the same time when he made the decision to enact tariffs on important solar panels and other equipment that are correlated to it. In addition to this, most people have stated that this move will not only suppress the present solar growth, but it will also have bad effect on one of the increasing job sectors of the economy and decrease clean energy innovations.

Although, it is more likely that the draft document might change before the government’s budget is due this month, but as it stands now, the Post has made it clear that the White House will set a preliminary point for certain negotiation to take place; it will also give a statement of resolved and other policy urgencies.

However, the cut under the leadership of President Donald Trump has shown to the world that it is uninterested in fostering renewable energy and producing environmental friendly products. The cut will also lower the funding of research and findings when it comes to knowing more on alternative energy sources like wind, and hydrothermal power. Nevertheless, Trump’s budget will be disclosed later this month, of which everyone is anticipating to see.


Rinkesh is passionate about clean and green energy. He is running this site since 2009 and writes on various environmental and renewable energy related topics. He lives a green lifestyle and is often looking for ways to improve the environment around him.

Latest posts by Rinkesh (see all)

Electric Cars Are Now Cheaper to Own Than Petrol Cars

It wasn’t too long ago that electric cars were considered a dream of the future, unattainable by most working class citizens. But according to new research, this may no longer be the case.

In countries such as the United States, the United Kingdom and Japan, electric cars have become much more cost-effective to use and own, especially in the long-term, as found by this study. In the United States, research was conducted in Texas and California, while the study encompassed all of the other two aforementioned countries.


This information comes at the same time as a rapid rise in the sales of electric cars in occurring, and the researchers find it fair to theorize that this is a direct result of the lower costs. Currently, the low prices is assisted by government support, though electric cars are still expected to naturally become the most inexpensive option in the near future.

The study in question was conducted by Kate Palmer, James E. Tate, Zia Wadud, and John Nellthor at the University of Leeds, UK, and it involved recording and analyzing the entirety of the cost of owning a car over the course of four years. This included all details involved with purchasing, using, and maintaining a car, including original price, fuel consumption, maintenance costs, and taxation and insurance fees.

Cars that ran entirely on electricity had the lowest fuel costs of all car options, as charging the car is much more low cost than filling up with gas, diesel, or petrol. The simpler and easier to maintain engines incurred lower maintenance costs thanks to their extra functions, which includes eliminating the need for brake pad replacements as the engine assists in braking the car on its own. In fact, in the UK, running and owning an electric car was 10% less expensive than doing the same for a petrol car as of 2015.

Meanwhile, hybrid cars did not follow in this fashion. Due to an inability to plug in and charge, they were often actually more expensive than their petrol counterparts. Hybrids that can be plugged in actually were even more expensive to own, especially when it came to the initial purchase, as buyers would basically need to pay for two engines, doubling the price. (It is worth noting that this is not the case in Japan as plug-in hybrids in that country have more subsidies.)

The researches, in a statement led by James Tate, expressed feelings of encouragement as his team predicts that purely electric cars will become even more inexpensive in the future, with car battery costs for this kind of vehicle lowering in the coming years. This is in spirit of sales subsidies, which are about $6,750 in the UK and $8,780 in Japan at this moment, but are predicted to slowly fall. The researchers estimated that by the year 2025, an electric car may be just as inexpensive to buy, own, and use as a petrol car – though some companies, like Renault, estimate that this will happen before that in the 2020’s.

Sales of electric cars have had a significant increase in recent years. For example, in the UK, the rise is as much as 37%, while diesel automobile vehicles have dropped by 30%. This is in lieu with increased concerns regarding air pollution, especially from vehicles and cars that use diesel gas. In fact, at the rate they’re going, electric cars – which do not produce nearly as much carbon emissions that contribute to global warming – could outsell diesel vehicles by May 2019. This is according to Matt Finch, an analyst at the United Kingdom Energy and Climate Intelligence Unit.

The push to roll out electric cars, which produce less climate-warming carbon emissions, has been supercharged by concerns over air pollution, particularly from diesel cars. In the UK, where toxic air is at illegal levels in most urban areas, sales of diesel vehicles have plummeted by 30% in the last year while sales of electric cars, which produce 50% less greenhouse gases than petrol cars, have soared by 37%.

Currently, however, demand for electric cars is far greater than the supply manufactured. The main issue behind this has been suggested to be due to the fact that there are good electric cars prices at the low and high ends, but none in the medium price range, where most families who which to purchase family cars will be turning their attention.

Meanwhile, concerns regarding the worsening state of the environment and air pollution continue to rise around the world, particularly in China, which has the largest market of electronic cars worldwide that continues to grow day by day. The rest of the world has yet to catch up, as petrol companies and traditional fuel car manufacturers continue to push to make their own products and sales.

This may come with some unfavorable downsides, as governments may begin to tax electric cars when petrol and fuel sales start to drop, according to Steve Gooding, the director of the Royal Automobile Club Foundation for Motoring Ltd. The transition to more electric cars would also require more public chargers, which good charging speeds and powers that can match up to the needs of users.


Rinkesh is passionate about clean and green energy. He is running this site since 2009 and writes on various environmental and renewable energy related topics. He lives a green lifestyle and is often looking for ways to improve the environment around him.

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