article thumbnail

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

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 Boston Consulting Group (BCG). By 2020, CSP could provide power at $0.10

Solar 295
article thumbnail

BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate

Green Car Congress

In a new report (its fourth on electric car adoption) the Boston Consulting Group 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.

article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

According to Hollis, consumer demand isn’t sufficient enough for the mass adoption of battery electric vehicles to develop as fast as everyone would like. He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I 26% in the 2020 report.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

2050 net-zero strategy document , which explains how America will get to net-zero greenhouse gas emissions by 2050. Electric vehicles require new or re-tooled factories , each requiring thousands of employees. Toyota CEO Akio Toyoda has stated that moving to battery electric vehicles only would mean “risk losing the majority of 5.5

Market 97