CALL: 1-876-927-1779 | CARIBBEAN PETROLEUM UPDATE : JULY 2015
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CARIBBEAN Petroleum Update A Publication of the Caribbean Energy Information System (CEIS)
July 2015 ISSUE
Hybrid Vehicles A combined force of power Climate change and energy security remain high on governments’ agenda worldwide. The thrust towards cleaner and renewable based energy have increased in the last decade and in countries like the Caribbean, the promotion of energy diversification is a significant aspect of many of the energy policies and a critical aspect to a sustainable future.
demand in the transport sector. It is being looked at also as a means to achieving greater progress in reducing carbon emissions and improving the global carbon footprint. As such different technologies have been introduced to the market to improve the efficiency of cars in the transport sector. There has also been the introduction of hybrid and electric vehiOver fifty percent (50%) of oil used around the world is cles as alternatives to gas powered vehicles. In this for transport, and nearly all the recent and future expect- issue of the Petroleum Update, we will assess hybrid ed growth in that use comes from increased transport cars as alternative vehicles to gas powered vehicles. activity. However, many of the energy efficiency policies are being directed to the electricity sector in Caribbean WHAT IS A HYBRID? countries. Whilst the electricity sector is the pivot on which the many other sectors operate, the transporta- A vehicle is a hybrid if it utilizes more than one form tion sector also plays a critical role in the movement of of onboard energy to achieve propulsion. In pracresources, goods and services. It is therefore a critical tice, that means a hybrid will have a traditional incomponent of any country’s sustainable development. ternal-combustion engine and a fuel tank, as well as one or more electric motors and a battery pack. On In recent times though there has been an ongoing glob- the other hand, a gas-powered car has a fuel tank, al look at fuel economy and its potential to reduce oil continued on page 2/ To access CEIS website
1-876-927-1779 (Tel) 1-876-977-1840 (Fax)