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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

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IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

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Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

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million units annually by 2016. million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% million vehicles by 2016. Natural gas refueling station development is not expected to achieve the same growth rate, but will reach nearly 26,000 stations worldwide by 2016.

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EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 million b/d of the forecast 1.2 million b/d set in 1970. million b/d.

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Navigant forecasts strong growth in stop-start vehicle sales; 48V systems to account for 15% of those by 2025

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According to a forecast by Navigant Research, global sales of light duty stop-start vehicles (SSVs) will exceed 61 million by 2025, accounting for 59% of all light duty vehicle sales. SSV sales are led by Western Europe, which is expected to have about 65% of new car sales including this feature in 2016, growing to 75% in 2020.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Tractica forecasts ADAS component shipments to hit 1.2B units by 2025, $89.3B annual revenue by 2025

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million units shipped in 2016 to 1.2 By that time, the market intelligence firm forecasts that the ADAS component market will reach $89.3 Tractica’s report, “Advanced Driver Assistance System Market Forecasts”, provides market sizing and forecasts for 27 types of advanced driver assistance systems, as well as 9 component types.

2016 150
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Roskill forecasts demand for neodymium for magnets to result in supply deficit; substitutions by 2021

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In its new rare earths market report with forecasts out to 2026, Roskill, a leader in international metals and minerals research, observes that the permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026. Global NEV production could rise by 3.5-4.0

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