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IDTechEx: EV market doubles down on permanent magnets despite material costs

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The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly.

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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. This has led the company to deploy a growing fleet of XCIENT Fuel Cell trucks, the world’s first mass produced fuel cell electric heavy-duty truck, in Switzerland starting in 2020, which now has achieved a cumulated range of 3.5

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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 The figures, if realized, have major implications for oil and electricity markets. The COVID-19 pandemic is set to cause a major downturn in global auto sales in 2020. million barrels per day. million units.

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NREL, INL team assesses levelized cost of light-duty EV charging in US in 2019

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A team from the National Renewable Energy Laboratory (NREL) and the Idaho National Laboratory has produced a detailed assessment of the current levelized cost of light-duty electric-vehicle charging (LCOC) in the United States, considering when, where, and how EVs are charged. kWh); however, costs vary considerably (e.g., from $0.08/kWh

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ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

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According to global technology intelligence firm ABI Research, the worldwide commercial Electric Vehicle (EV) market is projected to grow from US$30.7 billion in 2020 to more than US$682 billion by 2030. This market valuation refers to the total industry-wide global revenues derived from all commercials EVs sold yearly.

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DOE announces up to $64M to advance H2@Scale in new markets

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The US Department of Energy announced up to $64 million in funding ( DE-FOA-0002229 ) to advance innovations that will build new markets for the H2@Scale initiative ( earlier post ). Concept papers are due 25 February 2020 and full applications are due 20 April 2020.

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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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Provisional 2030 economic impact of achieving the 2020 targets in the two Phase I scenarios—Current Policy Initiatives and Tech 1— compared to baseline. In the second scenario, Tech 1, cars and vans achieve slightly higher efficiency levels in 2020 and continue along a similar trajectory of around 3% annual improvement.

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