BP's New Energy Outlook: Oil And Its Derivatives Will Lose Demand As Electrification Takes Over The Transportation Sector By 2050

BP’s New Energy Outlook: Oil And Its Derivatives Will Lose Demand As Electrification Takes Over The Transportation Sector By 2050

Written by Ruth Rodrigues

Published on 31/01/2023 at 19:24

Fonte: Motor24

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The Projections of the New Energy Outlook by BP for the Use of Oil in the Next Decades Are Quite Optimistic. Oil Demand in the Transport Sector Is Expected to Decline Due to the Use of New Fuels in the Electrification of Vehicles.

Launched this Monday (01/30), the new Energy Outlook by BP points to an increasingly sustainable future in the international transport sector. The study reveals projections for the coming decades and indicates a gradual substitution of oil for renewable fuels, as well as the electrification of vehicles by the end of 2050. Thus, the global market will move towards low carbon footprint targets.

International Transport Sector Will Witness a Replacement of Oil by Electric Vehicles Over the Coming Decades, Says BP

The projections by the multinational company BP for the future of the transport market were disclosed with the Energy Outlook, released at the beginning of this week.

The role of oil is expected to decline across all modes of transport by 2050, reflecting the transition to low-carbon alternatives already underway, as highlighted in the study.

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Decline of Diesel and Rise of Biofuels Will Accompany the Transport Sector in Vehicle Electrification, Highlights Energy Outlook

In addition to the electrification of road transport and the decrease in oil usage in vehicles, BP points to a reduction in the use of fossil fuels in heavy vehicles, such as trucks.

From a 90% share in 2021, diesel engines are expected to drop to around 70–75% of the global fleet by 2035 in the Net Zero and Accelerated scenarios and 5-20% by 2050.

“The choice between electrification and hydrogen varies among different countries and regions, depending on policies affecting the relative prices of electricity and low-carbon hydrogen, as well as regulatory policies and the development of charging and refueling infrastructures,” states the Energy Outlook report.

Biofuels will also have their moment of prominence in the aviation transport sector in the coming years, as projected by BP.

By the end of 2050, hydrogen-derived fuels (e-SAF) will gain market share globally.

Finally, in maritime transport, hydrogen-derived fuels will be the main alternatives to oil. The BP Energy Outlook, with all scenarios for the electrification of the transport sector and the decline in oil usage, can be accessed at any time by clicking here!

BP’s New Energy Outlook: Oil And Its Derivatives Will Lose Demand As Electrification Takes Over The Transportation Sector By 2050

The Projections of the New Energy Outlook by BP for the Use of Oil in the Next Decades Are Quite Optimistic. Oil Demand in the Transport Sector Is Expected to Decline Due to the Use of New Fuels in the Electrification of Vehicles.

International Transport Sector Will Witness a Replacement of Oil by Electric Vehicles Over the Coming Decades, Says BP

Decline of Diesel and Rise of Biofuels Will Accompany the Transport Sector in Vehicle Electrification, Highlights Energy Outlook

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Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

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While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Volkswagen admits to Reuters that the value of its cars is falling in Brazil due to the aggressive entry of Chinese companies like BYD, but asserts that it will not enter a price war and believes it is well-positioned to hold back the advance.

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BP’s New Energy Outlook: Oil And Its Derivatives Will Lose Demand As Electrification Takes Over The Transportation Sector By 2050

The Projections of the New Energy Outlook by BP for the Use of Oil in the Next Decades Are Quite Optimistic. Oil Demand in the Transport Sector Is Expected to Decline Due to the Use of New Fuels in the Electrification of Vehicles.

International Transport Sector Will Witness a Replacement of Oil by Electric Vehicles Over the Coming Decades, Says BP

Decline of Diesel and Rise of Biofuels Will Accompany the Transport Sector in Vehicle Electrification, Highlights Energy Outlook

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Volkswagen admits to Reuters that the value of its cars is falling in Brazil due to the aggressive entry of Chinese companies like BYD, but asserts that it will not enter a price war and believes it is well-positioned to hold back the advance.

Used BYD Dolphin Mini becomes a standout among semi-new cars by selling in 15 days, surpassing HB20, Onix, and Polo in stores, and showing that used electric cars are gaining strength in the Brazilian market in 2026, according to a survey by Indicata released in April.

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Volkswagen admits to Reuters that the value of its cars is falling in Brazil due to the aggressive entry of Chinese companies like BYD, but asserts that it will not enter a price war and believes it is well-positioned to hold back the advance.

How to make charcoal in the backyard using a small oven covered with galvanized sheets and sealed with fine soil, in a traditional Filipino technique called pugon that yields up to one and a half bags of charcoal per burn.

You won’t believe how industrial egg production works in Brazil and the level of technology behind millions of units produced every day.

Material practically banned for almost 90 years makes a strong comeback in construction: made of hemp and lime, it insulates 15 times more than concrete, absorbs CO₂ over the centuries, and challenges an industry that helped push it out of the market.