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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 trillion in developing economies. trillion per year by 2050.

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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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Japan’s Ministry of Economy, Trade and Industry promotes the adoption of hydrogen in its Basic Hydrogen Strategy published in December 2017, which also targets power-to-gas (P2G) technology for the storage and use of hydrogen-based energy that can be stored in large quantities for long periods of time as output increases.

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Mitsubishi Motors forecasts 41% drop in retail sales in Japan over improper fuel consumption testing

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Mitsubishi Motors Corporation (MMC) announced its forecasts for the FY2016 full-year (April 1, 2016 to March 31, 2017). The announcement on the FY2016 forecasts were put on hold to assess the future impact from the improper testing of fuel consumption announced in April. For FY2016 operating results, MMC forecasts net sales of ¥1910.0

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Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

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The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. In addition to improving fuel efficiency, downsized turbocharged engines also reduce harmful exhaust emissions.

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Suzuki reports fuel economy testing irregularities in Japan but says no need to amend values

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Suzuki announcement that it has found “some discrepancies” between the automobile emission and fuel efficiency testing methodology it has used in Japan and the requirements from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The issues do not apply to products sold under the Suzuki badge outside of Japan.

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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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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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