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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

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HummingbirdEV tech powers Keshi Group electric mining vehicles in China – Charged EVs

Baua Electric

US-based vehicle electrification system supplier HummingbirdEV has provided 393 electric mining vehicles powered by its EV technologies under a licensing agreement with Keshi Group, a China-based manufacturer of coal mining vehicles and equipment. The vehicles have payload capacities of between 16,000 and 30,000 lbs.

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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050. Both scenarios expect that growth in electricity demand can primarily be met by deployment of renewables such as solar, due to their falling costs.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways. This is especially important for assessing the GHG emissions of PHEVs. Source: The ICCT.

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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

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Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. Power and Associates estimates combined global sales of hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and battery-electric vehicles (BEVs) will total 5.2 Click to enlarge.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. —Dr Fatih Birol, IEA Executive Director.

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IHS: fuel cell vehicle production of > 70,000 annually by 2027; <0.1% of all vehicles produced; Europe to lead by 2021

Green Car Congress

A new report on fuel cell vehicles from IHS Automotive forecasts that global production of hydrogen fuel cell electric vehicles (FCEVs) will reach more than 70,000 vehicles annually by 2027, as more automotive OEMs bring FCEVs to market. of all vehicles produced, according to IHS Automotive forecasts.

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