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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.

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BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

Green Car Congress

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). As global market demand for REEs is forecasted to increase threefold by 2030, establishing new sources of REEs is critical.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

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While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly. To date, the three main categories used in the electric car market are permanent magnet motors, induction motors, and wound rotor motors. At peak 2022, neodymium price was 3.8x

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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. The latter also partnered with BMW. Ford, Samsung, and Hyundai invested in Solid Power.

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BMW Group to source lithium from Livent

Green Car Congress

To support its accelerated expansion of e-mobility in the coming years, the BMW Group will source lithium from a second leading supplier, US-based Livent. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on. The value of the multi-year contract will total around €285 million.

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BMW Group invests in Jetti Resources; catalytic leaching process for copper extraction from unexploited ores

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Through its venture capital fund BMW i Ventures, the BMW Group has taken a stake in Colorado-based Jetti Resources. BMW’s goal is to foster responsible and resource-conserving copper extraction to address rising demand in a more sustainable way.

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Pike Research updates xEV forecasts; projects Ford to lead US PEV market, followed by GM

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Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts. million in 2020, or 2.1%

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