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Albemarle ups lithium demand forecast to 3.7 MMt in 2030, calls for higher prices to support new projects to meet demand gap

Green Car Congress

In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand. to 2 years).

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Electric vehicles outsell ICE cars in Norway, forecasting a combustion engine decline

Teslarati

Cars running on petrol and diesel engines made up 4.3% (451 vehicles) and 4.1% (430 vehicles) of new passenger car sales in Norway last month. Camilla Ryste, the Norwegian Automobile Association (NAF) communications manager, forecasted that petrol and diesel cars will be a “rare bird” on Norwegian roads. Credit: OFV).

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Rolls-Royce announces biggest ever order of Trent XWB-97 engines as Air India signs MOU for 68 (+ 20 options) & 12 Trent XWB-84 engines

Green Car Congress

Rolls-Royce has received an order from Air India for 68 Trent XWB-97 engines, plus options for 20 more. Air India has also ordered 12 Trent XWB-84 engines, the sole engine option for the Airbus A350-900. This is the biggest ever order for the Trent XWB-97, which exclusively powers the Airbus A350-1000.

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MAN Energy launches industry consortium to develop medium-speed, ammonia-fueled engine

Green Car Congress

Initiated by MAN with partners from industry and research institutes, it aims to define the steps necessary to produce a dual-fuel, medium-speed engine capable of running on diesel-fuel and ammonia. Alexander Knafl, Head of R&D, Four-Stroke Engineering, MAN Energy Solutions. MAN Energy Solutions has begun the ‘AmmoniaMot’ project.

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Navigant forecasts MHD vehicle market to nearly double by 2035 with declining share of conventional engines; gases win out over electricity

Green Car Congress

The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%. of the market in 2014 to 11.2%

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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

Green Car Congress

Benchmark’s high case scenario forecasts that 7.0 With the amount of lithium production forecast by Benchmark for 2030, only 3.2 The UK will ban the sale of new internal combustion engine vehicles in the same year, with hybrids allowed until 2035. Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%

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

Green Car Congress

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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