article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. More recently, labor costs started to rise.

Cost Of 210
article thumbnail

The Global Outlook of Electric Vehicles

Blink Charging

However, there are still challenges ahead, most notably with procuring the raw materials needed for battery production. This is partially due to the cost of EVs in these countries, but also with a relative lack of charging infrastructure. Europe has also invested in domestic battery development to increase its own market share.

article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

Suzuki Motor Group’s first battery-electric vehicle will be unveiled at the end of the year and exported to Japan and Europe,” he added Toshihiro Suzuki stated in his address that Suzuki will invest Rs 3,300 crore in Suzuki Motor Gujarat, which will produce 2.5 This will lead to 1.7 times more production and 2.7 lakh to one million.

Green 52
article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.

Energy 252