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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 Source: BCG.
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.
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). Specifically, Ricardo suggests, the industry must leverage agent-based modeling (ABM).
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. Originally posted on EVANNEX. 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. It’s what the best industry experts are forecasting about how fast this is going to happen.”
One of the most vexing social challenges confronting the transition to EVs at scale is dealing with the effects that governmental EV transition policies will have on millions of jobs across a wide swath of industries. President Biden says his EV policies will result in “one million new jobs in the American automobile industry.
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