• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 24 hours Could Venezuela become a net oil importer?
  • 22 mins Oil prices going Up? NO!
  • 2 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
  • 7 mins Could oil demand collapse rapidly? Yup, sure could.
  • 23 hours Gazprom Exports to EU Hit Record
  • 1 day EU Leaders Set To Prolong Russia Sanctions Again
  • 1 day Why is permian oil "locked in" when refineries abound?
  • 23 hours Oil Buyers Club
  • 17 hours Oil prices going down
  • 11 mins Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 1 day EVs Could Help Coal Demand
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 15 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 10 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
EIA: Gulf Of Mexico Oil And Gas Production Remains Strong

EIA: Gulf Of Mexico Oil And Gas Production Remains Strong

Though the EIA predictions continuous…

Rig Count Falls As U.S. Oil Output Flatlines

Rig Count Falls As U.S. Oil Output Flatlines

WTI crude rose 4.5 percent…

Electric Car Charging Posts To Surpass Gas Stations In The U.K. By 2020

Electric Car Charging

A report from Japanese auto manufacturer Nissan concluded that charging stations for electric autos will surpass fuel stations in the United Kingdom (UK) by August 2020.

As reported on Wednesday by edie.net, an average of 129 British gas stations have been lost each year since December 2005. In contrast, during that same time, approximately 911 electric vehicle (EV) charging sites have been added each year. Therefore, Nissan believes around 7898 EV charging stations will be found throughout the UK in four years, which is twenty-nine more than the forecasted number of gas stations.

“As EV sales take off, the charging infrastructure is keeping pace and paving the way for convenient all-electric driving,” Edward Jones, EV manager of Nissan Motors division in the UK said. “Combine that with constant improvements in our battery performance and we believe the tipping point for mass EV uptake is upon us.”

An average of one electric car is registered in the UK every thirteen minutes, per information from the Go Ultra Low campaign spearheaded by the British government and car industry. The organization thinks EV will become the main form of propulsion for autos in the UK by 2027.

In addition, a recent Institute of the Motor Industry (IMI) noted the promising impact of the EV industry on the British economy. Connected and autonomous EVs could generate as much as US$67 billion per year by 2030 and could lead to 320,000 newly created industry jobs.

“As with similar breakthrough technologies, the adoption of electric vehicles should follow an ‘S-curve’ of demand. A gradual uptake from early adopters accelerates to a groundswell of consumers buying electric vehicles just as they would any other powertrain,” Jones added.

Nissan’s interest in the EV market is looking beyond Britain on a more global scale with its Leaf car serving as the world’s best-selling electric auto. Autoblog mentioned that Nissan Future Lab has partnered with the United States Air Force to examine the viability of EV use to support the electric grid. One possibility is the use of Leaf cars to store excess electricity created by power plants and then transfer that power back during periods of high energy demand.

By Erwin Cifuentes for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • GREGORY FOREMAN on August 05 2016 said:
    QUESTION:
    How will the UK’s compensate revenue(excise fuel taxes) lost from decreased gasoline sales? Will the EV’s owners be assessed taxes on a mileage, purchase or ad valorem(property tax) bases?

Leave a comment

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