• 6 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 8 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 10 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 11 hours Schlumberger Warns Of Moderating Investment In North America
  • 12 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 13 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 14 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 16 hours New Video Game Targets Oil Infrastructure
  • 17 hours Shell Restarts Bonny Light Exports
  • 18 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 1 day Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 1 day Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Alt Text

Kobe Steel Scandal Could Rattle Nuclear Industry

The scandal at Japan’s Kobe…

Alt Text

What’s Stopping An Oil Price Rally?

Oil prices rallied in Q3…

Climate Progress

Climate Progress

Joe Romm is a Fellow at American Progress and is the editor of Climate Progress, which New York Times columnist Tom Friedman called "the indispensable…

More Info

US Automobile Sales on the Rise, Driven by Hybrid and Electric Vehicles

US Automobile Sales on the Rise, Driven by Hybrid and Electric Vehicles

General Motors, the largest auto manufacturer in the U.S., just reported the best sales month ever for its electric car, the Volt. In August, GM sold 2,800 Volts, beating its previous record of 2,289 vehicles sold in March.

Nissan also reported record sales of its all-electric model, the Leaf. In August, the company sold 685 units in the U.S. market — a much smaller number than GM, but a record for Nissan.

The EV market is still a very small part of overall auto sales in the U.S. However, the surge in sales marks a significant consumer shift toward purchasing smaller, more fuel-efficient vehicles.

U.S. Automobile sales in August increased by nearly 15 percent over last year, even with gas prices rising at the end of the month to $3.80 a gallon. The New York Times highlighted the trends driving strong vehicle sales:

“Although trucks had a solid month, the small-car performance is what’s most impressive about G.M.’s numbers today,” said Jessica Caldwell, an analyst with the automotive research site Edmunds.com.

The Ford Motor Company said its August sales increased 12.6 percent, to 196,000 vehicles. It reported its biggest gains in the Focus compact car and the new Escape, its smallest sport utility vehicle.

Focus sales were up 35 percent compared with the same period a year earlier, and Escape sales rose 36 percent.

“As fuel prices rose again during August, we saw growing numbers of people gravitate toward our fuel-efficient vehicles,” said Ken Czubay, Ford’s head of United States sales and marketing.

An executive from Chrysler called the U.S. auto market “incredibly resilient” due to the surge in demand for fuel-sipping cars. Chrysler saw a 14.1 percent increase in vehicle sales, partly due to its new compact sedan, the Dodge Dart.

Last month, the White House finalized new fuel standards that will boost the efficiency of the nation’s automobile fleet to 54.5 miles per gallon by 2025. Those standards could reduce oil consumption by 12 billion barrels by that date, thus saving consumers roughly $1.7 trillion in fuel costs. The Natural Resources Defense Council estimates that those fuel standards could reduce save Americans $68 billion each year after 2030.

According to a 2011 national poll from the Consumer Federation of America, three quarters of consumers in the U.S. said they supported an increase in fuel standards, with 65 percent saying they would support targets of 60 miles per gallon by 2025.

In May, the Congressional Budget Office issued a report concluding that the only way to protect consumers from oil price shocks is to use less petroleum — not more drilling: “Policies that reduced the use of oil and its products would create an incentive for consumers to use less oil or make decisions that reduced their exposure to higher oil prices in the future, such as purchasing more fuel-efficient vehicles or living closer to work.”

By. Stephen Lacey




Back to homepage


Leave a comment
  • Hans Nieder on September 10 2012 said:
    Did not government motors, suspend the sales of the Volt?

    Perhaps they will replace it with the Amp..
  • Hans Nieder on September 10 2012 said:
    I am sorry, however, the new name is the Dolt...

    http://www.chicagotribune.com/business/breaking/chi-gm-losing-up-to-49000-per-volt-20120910,0,5279427.story
  • Gnarum on September 12 2012 said:
    Step by step EVs are getting more sold and successful. People are realizing of how important it is to care for the environment while we actually save money

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News