Last year, over one million electric cars were sold around the world. There were approximately 760,000 on American roads in addition to approximately 820,000 in Europe with China leading the pack at 1.23 million. With an increasing growth of 53% since 2017, China is expected to reach 2 million by 2020 and a complete ban of internal-combustion engines by 2040.
This week, President Trump will make a decision on the Iran nuclear deal.
In 2015, a series of meetings were held between the Islamic Republic of Iran and a group of world powers: the United States, the United Kingdom, Russia, France, and China- plus Germany and the European Union. According to the agenda, Iran would redesign and reduce its nuclear facilities in order to lift economic sanctions. These sanctions cost the country more than $160 billion in oil revenue from 2012 to 2016 alone.
The Trump Administration has been making waves by publicly announcing a planned rollback of the Corporate Average Fuel Economy (CAFE) standards put in place by the Obama Administration. In 2011 the Obama Administration ruled that auto manufacturers had to begin producing vehicles with better fuel efficiency that achieved over 50 miles per gallon in an effort to reduce greenhouse gases to 26-28% by the year 2025. The EPA ruling under the Obama Administration included a review in April 2018, allowing the Trump Administration to reopen the discussion.
The EPA’s (Environmental Protection Agency) Renewable Fuel Standard program impassioned concerned parties on both sides of the biofuel policy debate this past week. There has been an uptick in the news with the ongoing concern regarding refineries and their ability to comply with the RFS in a manner that is economically feasible. The Renewable Fuel Standard is a federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels (biofuels – i.e. ethanol, or biodiesel) in order to reduce greenhouse gas emissions while reducing reliance on imported oil. In 2010, the EPA established a process for companies to petition for new fuels pathways to qualify for the Renewable Fuel Standard.
Safety is a critical concern when fueling at service stations. The NFPA did a study from 2004- 2008 of incidents that were reported from structure and vehicle fires. There were an estimated 5,000 fires reported per year with majority being vehicle fires. Though fuel pump accidents are rare, it is important to be informed of the inherent dangers of filling your tank.