article thumbnail

Fitch Solutions forecasts nickel demand for EV batteries to grow 29.2% per year to 2030

Green Car Congress

This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts. Fitch bases its forecast on the underlying assumption that NMC 811 cathodes will rise to 80.0% of NMC market share by 2027—effectively raising the average nickel content.

Batteries 358
article thumbnail

EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Green Car Congress

In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest annual average production in US history, surpassing the previous record of 9.6 million b/d of the forecast 1.2 million b/d.

2018 207
article thumbnail

Strategy Analytics forecasts strong growth in automotive sensors driven by EV demand

Green Car Congress

Strategy Analytics forecasts that automotive sensor market growth will be driven by an expected increase in demand for electric vehicles. over the 2019 – 2024 timeframe.

Market 284
article thumbnail

IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

Green Car Congress

In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030, ACEA.

Global 259
article thumbnail

US Xpress releases trucking industry forecast; driver turnover, truckload capacity and load volumes significantly impact market

Green Car Congress

one of the US’ largest asset-based truckload carriers by revenue, released its September industry forecast spotlighting key economic trends and updates specific to the trucking industry. Carrier bankruptcies nearly quadrupled from 2018 to 2019 and continually rising insurance premiums will further hobble small carriers. US Xpress, Inc.,

article thumbnail

Adamas Intelligence forecasts global passenger EV market to deploy 762.9 GWh onto roads in 2023; December rule of thumb

Green Car Congress

From 2015 through 2018, the rule of thumb predictions were accurate to within a range of +5% and -12%. This was due to a spike in EV sales in December 2018 in China in advance of subsidy rollbacks that provided a false signal for the year ahead. From 2015 through 2018, the rule of thumb predictions were accurate to within 10%.

Global 195
article thumbnail

Frost & Sullivan forecasts rapid growth in tire pressure monitoring systems market; $386.6M by 2018

Green Car Congress

million by 2018. This installed base is forecast to grow to 36.7 million by 2018. As sensor batteries typically last for six to 10 years, this mandate will drive breakage replacements in the forecast period and end-of-battery-life replacements beyond 2018. new analysis from Frost & Sullivan.

2018 225