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Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The BostonConsultingGroup (BCG). By 2020, CSP could provide power at $0.10
A series of recent reports—one from the National Research Council (NRC) ( earlier post ) and another from the BostonConsultingGroup ( earlier post )—concluded that an expected continuing high cost of lithium-ion batteries will dampen mass market adoption of plug-in vehicles. Earlier post.).
As an example of cost direction, BCG forecasts that NCA cell and pack costs will decline 60-65% by 2020. Of the roughly 14 million electric cars forecast to be sold in 2020 in China, Japan, the United States, and Western Europe, BCG projects that some 1.5 Source: BCG. Click to enlarge. million will be fully electric, 1.5
In a new report (its fourth on electric car adoption) the BostonConsultingGroup forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. Three types of technological advances will shape the powertrain future.
The proposed JV is one of a number of new market expansions focused on the Russian car market, which the BostonConsultingGroup this week said may become the world’s sixth-largest by 2020, selling 4 million cars a year. Sollers had originally planned a joint venture with Fiat.
Conventional automotive technologies have significant emission-reduction potential, according to a draft of the BostonConsultingGroup’s (BCG) latest report on automotive propulsion, Powering Autos to 2020. —“Powering Autos to 2020” (draft). Click to enlarge. Source: BCG. Click to enlarge.
The BostonConsultingGroup predicts that people around the world will take 1 billion flights in air taxis in 2030, once sharing services have also established a presence on fixed routes above the ground; most of those air taxis will be capable of operating without a pilot. Bosch is working on sensor technology for air taxis.
According to the BostonConsultingGroup, the projected size of the global autonomous vehicle market in 2025 will be $36 billion for partially autonomous vehicles (levels 1–3) and $6 billion for fully autonomous vehicles (level 4).
The BostonConsultingGroup recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric. Those EV conversion prices only apply to Hiluxes and Rangers built in 2020, 2021 and 2022. 2023 Roev electric Toyota HiLux. Vehicles produced in 2016, 2017, 2018 and 2019 cost another $1000 to convert.
Originally posted on EVANNEX. By Charles Morris In this day and age, just about everyone who’s paying attention — even stalwarts of the auto and oil industries — acknowledges that vehicle electrification is the future. But how far in the future are we talking about? Forecasts are all over the map.
In an interview with Teslarati, Recurrent CEO, Scott Case shared an observation of a study by BostonConsultingGroup (BCG) which has released a market projection for EV adoption annually since 2018. 26% in the 2020 report. Recurrent Auto: EV adoption is happening faster than expected. ” Credit: Recurrent Auto.
A BostonConsultingGroup (BCG) analysis of the European auto industry posits that about 930,000 existing auto manufacturing and supplier jobs will disappear with the introduction of EVS by 2030, but another 895,000 new jobs will be added. Brian Cassella/Chicago Tribune/Tribune News Service/Getty Images.
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