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

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The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly.

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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 Uzbekistan started forming a banking consortium to finance the plant construction in September 2013.

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Tesla shipped 6,892 Model S units in Q4 2013, 22,477 full year; battery Gigafactory announcement next week

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Tesla Motors announced record deliveries of 6,892 Model S vehicles worldwide in the fourth quarter of 2013, with 22,477 vehicles in the full year. GAAP net loss per share for the quarter ending 30 Sep 2013 was $(0.32), and for Q4 of 2012, $(0.79). In 2013, Tesla pulled in almost $2.5 on a non-GAAP basis and 25.8% 2014 Outlook.

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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.

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IDTechEx forecasts $18B market for electric vehicle inverters in 2023

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The market for electric vehicle inverters, including converters, for both hybrid and pure electric vehicles—land, water and air—will grow to $18 billion in 2023 according to a new report from IDTechEx, “ Inverters for Electric Vehicles 2013-2023 ”.

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Siemens, Duke Energy and Ford demonstrate lower cost home smart charging technology for plug-ins; due on market next year

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and utilizing a Ford Fusion Energi Plug-In Hybrid, Siemens provided the first UL-approved residential electric vehicle supply equipment (EVSE) to demonstrate the ability to monitor status, report energy use, and be controlled locally from the local area network and from the cloud. Held at the Duke Energy Envision Center in Erlanger, Ky.,

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

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