PBAT's Reforms on Energy Transition - Petrol Vs Alternative Fuels as Casestudy

 

The chart above illustrates the cost savings per kilometer for various fuel types:

• Petrol
• Ethanol (E85)
• Hybrid
• Diesel
• Biodiesel
• Liquefied Petroleum Gas (LPG)
• Natural Gas Vehicle (NGV)
• Electricity

Key Insights

1. Petrol has the highest cost per kilometer.
2. The larger the price gap between petrol and alternative fuels, the greater the cost savings.

Vehicle Classification by Primary Fuel Type

1. Petrol Vehicles
2. Diesel Vehicles
3. Gas Vehicles (CNG/LPG)
4. Electric Vehicles
5. Hybrid Vehicles (dual-fuel capability with kit installation)

Vehicle Classification by Engine Type

1. Internal Combustion Engines (ICE): Vehicles powered by mechanical engines running on fuels like petrol, diesel or gas.
2. Electric Vehicles (EVs): Vehicles powered by electric motors driven by batteries.

Global Shift in Vehicle Preferences

Countries worldwide are increasingly adopting vehicles that offer:

1. Affordable fuel options
2. Environmental sustainability
3. Low maintenance costs

Based on these criteria, Electric Vehicles (EVs) emerge as the top choice, closely followed by gas-powered vehicles.

Conclusion

The transition to cleaner energy, exemplified by PBAT's reforms, is a pivotal global trend. Embracing this shift is crucial for a sustainable future, ensuring a healthier environment for generations to come.

God bless Nigeria!

Ref:

https://www.researchgate.net/figure/Comparison-of-savings-in-cost-per-kilometer-offered-by-vehicles-powered-by-Gasoline_fig1_350093457#reference