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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
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.
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). Source: BCG. Click to enlarge. Source: BCG.
The EV conversions will initially only be offered to fleet buyers, who could get into an electric ute for a little over $70,000 – or less if they opt for an EV conversion of an existing vehicle in their fleet. It means fleet buyers can give soon-to-be-retired vehicles a new lease on life with a zero emissions electric drivetrain.
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.
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