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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

Green Car Congress

Pike Research forecasts that biorefineries globally will attract $170 billion in new capital investment between 2012 and 2022, reaching 81 billion gallons per year (BGY) of installed capacity. —“Industrial Biorefineries”. —“Industrial Biorefineries”. Source: Pike Research. Click to enlarge. Earlier post.).

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 The US is in a race for global dominance in the new energy economy with China. Billion vs. $28.3

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Pike Research forecasts 37% CAGR for EV charging equipment, with 2.4 million units sold in 2020; wireless charging to show strong growth

Green Car Congress

In a new report , Pike Research forecasts that global sales of electric vehicle (EV) charging equipment (EVSE) will grow at a steady pace from 2012 to 2020 as the global market for plug-in electric vehicles (PEVs) grows. Kingdom; the Netherlands; and Italy. The global top 10 is rounded out by Canada and Australia.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.

Economy 52