article thumbnail

IDC Energy Insights: Worldwide smart grid spending to reach $46.4B in 2015

Green Car Congress

globally (compound annual growth rate (CAGR) for hardware, software and services) from 2010 to 2015 while overall spending will reach nearly $46.4 billion worldwide in 2015, according to a new report from IDC Energy Insights. The Asia/Pacific region is forecast to experience the most growth in spending with a five-year CAGR of 33.7%.

Insight 225
article thumbnail

Navigant: sales of light duty vehicles to total more than 2.1 billion from 2015 to 2035

Green Car Congress

billion from 2015 to 2035. million vehicles in 2015 to 122.6 Navigant expects the vast majority of growth in the LDV market over the forecast period to come from developing countries in Asia Pacific, specifically China and India. Navigant forecasts global annual LDV sales to grow from 88.8 million in 2035.

2015 150
article thumbnail

IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

Green Car Congress

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
article thumbnail

NUS researcher links air pollution to increased residential electricity demand

Green Car Congress

The study, set in Singapore, suggests that better air quality will bring about climate co-benefits in reducing electricity generation via lower household demand, and thus mitigating carbon emissions. The findings showed that overall electricity demand grew by 1.1% measurements from the air-monitoring network. —Prof Salvo.

Pollution 275
article thumbnail

BNEF: wind and solar boost cost-competitiveness versus fossil fuels

Green Car Congress

The levelized cost of electricity analysis for H2 2015 shows onshore wind to be fully competitive against gas and coal in some parts of the world, while solar is closing the gap. The LCOE for combined-cycle gas turbine generation rose from $76 to $82 in the Americas, from $85 to $93 in Asia-Pacific and from $103 to $118 in EMEA.

Wind 150
article thumbnail

ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

Green Car Congress

In the latter part of the Outlook, electric and plug-in hybrids (utilizing a gasoline engine and battery-powered motor) will begin to play a more significant role, making up around 10% of new car sales in 2040, or about 5% of the fleet. By about 2015, transportation demand in Asia Pacific will exceed that of North America.

Gasoline 383
article thumbnail

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Green Car Congress

Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. Medium- and heavy-trucks represent 4.3% of vehicles in the US, drive 9.3% of all miles driven each year, and consume more than 25% of all the fuel burned annually.

Global 150