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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. mb below the 2017-2021 average. mb/d this year, world oil demand is forecast to expand by 2.2 Runs are forecast to rise by 3.5 mb/d in 2023, surpassing pre-pandemic levels. mb/d to 101.6

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Pike Research forecasts automotive Li-ion battery prices to drop by more than 1/3 by 2017

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According to a recent report examining batteries for electric vehicles from Pike Research, as manufacturing efficiencies improve and access to lithium expands, the installed cost of Li-ion batteries will fall by more than one-third by the end of 2017. billion by 2017, the market intelligence firm forecasts. Earlier post.).

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Pike forecasts cumulative plug-in vehicle sales to reach 5.2M units worldwide by 2017

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Annual light-duty electric vehicle sales, world markets: 2011-2017. Pike Research forecasts that cumulative sales of plug-in electric vehicles (PEVs), the category that includes both plug-in hybrid and battery-electric vehicles (PHEVs and BEVs), will reach 5.2 between 2011 and 2017 (this compares to a CAGR of 3.7%

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Pike forecasts $1.4B market for EV telematics by 2017

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Cumulative light-duty PEV deployments by segment, world markets: 2011-2017. Nearly nine out of ten plug-in electric vehicles (PEVs) sold this year will include at least a basic telematics package, and that percentage will likely grow to 94% by 2017, according to a new report from Pike Research. billion by 2017, Pike forecasts.

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Pike forecasts global investment in intelligent transportation systems will total $13.1B through 2017

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Forecast global spending on ITS. In a new report, Pike Research focuses on four key smart transportation sectors—traffic management systems; smart charging for plug-in electric vehicles; public transportation systems; and vehicle-to-vehicle systems—and forecasts a global investment in these totaling $13.2 billion by 2017.

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Lucintel forecasts global automotive sensors industry to reach approximately $18.8B in 2017; 9.3% CAGR

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Lucintel, a mass transportation consulting and market research firm, forecasts that the global automotive sensors industry will reach approximately $18.8 billion in 2017, reflecting a compound annual growth rate (CAGR) of 9.3%.

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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 barrels per day (b/d) in 2017 and is estimated to have averaged 9.9

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