Remove 2016 Remove Chile Remove Chinese Remove Sale
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020.

2020 259
article thumbnail

China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

Green Car Congress

Strong battery demand for stationary storage and rapidly accelerating passenger vehicle sales (rising from 5% in 2022 to 34% by 2027) ensure that it places high on the leaderboard. US cell production capacity surpassed Japan in 2014 and South Korea in 2016.

Supplies 195
article thumbnail

Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

Price 150