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Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) This marks a 6% drop from $140/kWh in 2020.
On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper has charted an unlikely trajectory through 2020, notes Roskill. Copper prices since 1 Jan 2020. Copper prices since 1 Jan 2000. Copper prices since 1 Jan 2000.
million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 The 2020 decrease in production was the largest annual decline in the EIA’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. million b/d in 2020.
Audi is pricing its 2020 A8 TFSI e plug-in hybrid with a MSRP of $94,000 in the US. By comparison, the starting MSRP for a 2020 Audi A8 55 TFSI quattro with automatic transmission is $85,200. Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795.
While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.
In 2021, coal exports from the United States increased by 23% to 85 million metric short tons (MMst) from 69 MMst in 2020, according to the US Energy Information Administration (EIA). A trade dispute between Australia and China that began in late 2020 resulted in China banning coal imported from Australia.
The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). million barrels at the end of January 2020 and increased to 532.7
Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). million b/d during the past three years, despite the COVID-19 pandemic, which caused significant crude oil price drops, reduced demand, and reduced production in US and global oil markets.
bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. in 2020—the largest annual decline since 1945. Carbon emissions from energy use fell by more than 6% in 2020, the largest decline since 1945. million b/d). The US (-2.3
Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).
Commercial electric vehicle manufacturer Lightning Systems is lowering the prices of its 2021 battery and fuel cell electric vehicles by 10 to 50% for Class 3 to Class 8 vehicles. In addition to lower prices, zero-emission vehicles from Colorado’s Lightning Systems also will have new features, including: High-speed Level 2 charging.
The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.
The California Air Resources Board (CARB) Executive Officer has certified the 2020 annual update to the carbon intensities (CI) of the lookup table pathways for a) California Average Grid Electricity Used as a Transportation Fuel in California and b) Electricity Supplied under the Smart Charging or Smart Electrolysis Provision. gCO 2 e/MJ.
On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. At present, every container is being rigorously checked to ensure it meets the new strict import regulations on copper content implemented since 1 November 2020. This is the highest level since 1 May 2012 when copper traded at US$8,528/t.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.9% increase from November 2020. As was the case in October, some of the monthly increase is a result of the seasonal adjustment, as November typically sees above-average vehicle depreciation and therefore used price declines.
This brief note analyzes the changes in the price of gasoline during the first 13 weeks of 2020 and compares them with the changes during the first 13 weeks of 2019. The raw data (the average retail price of regular gasoline) came from the U.S. Indeed, during the same time period in 2019, gasoline prices increased by 20.3%.
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,125 (up 5.4%) from May 2020, while increasing $493 (up 1.2%) from April 2021. from May 2020 to May 2021, from $58,863 down to $52,486.
Last updated on October 5, 2020. They are adjusted for both population and 2020 being a leap year (all but price of gasoline) and for inflation (price of gasoline). Price of gasoline. Feb-2020. +4. Mar-2020. -38. Apr-2020. -46. May-2020. -30. Jun-2020. -28. Jul-2020. -12.
Benchmark Mineral Intelligence has launched a Lithium-ion Battery Raw Material Price Index. Benchmark assembles the index using its market-leading price assessments including the IOSCO-accredited lithium, nickel, and cobalt prices. NCM Mid-Nickel (5, 6, and 7 series blends, e.g., NCM 523, NCM 622). Nickel sulfate (CIF Asia).
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.
China’s attempt to fight the coronavirus outbreak has led to delayed production across a number of battery production facilities located in key coronavirus hit provinces and is expected to lower the output of Chinese battery manufacturers by around 26 GWh in 2020. —Sneha Susan Elias, Senior Power Analyst at GlobalData.
The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020. Only two states—Wyoming and Utah—are outliers with gasoline consumption rising year-on-year by 0.2% and 1.1%, respectively. But that won’t happen until demand recovers.
The redesigned 2020 Hyundai IONIQ Electric delivers 170 miles of range (an increase of 37% from the previous 124-mile range), technology and advanced standard safety features at a starting price of $33,045 for the SE model. Customers may receive the available federal tax credit of up to $7,500 making the net price $25,545 for the SE.
trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report. Prices heavily affect estimates of proved reserves.
The study concludes that, with appropriate policy support, the renewable hydrogen sector can reach self-sustainability (price point at parity with conventional fuel on a fuel-economy adjusted basis) by the mid- to late-2020s. Publication Number: CEC-600-2020-002. per kilogram by 2025.
At the second-annual Climate Mayors Summit in Honolulu, Hawaii, 127 cities and 15 counties from across 38 states joined the Climate Mayors Electric Vehicle Purchasing Collaborative, and committed to purchasing more than 2,100 electric vehicles by the end of 2020.
Along with the registration site, the E-Transit electric vans have updated pricing, with a targeted starting MSRP of $43,295 for the cutaway—lower than originally announced—to $52,690 for the high-roof extended-wheelbase cargo van. No deposit or purchase commitment is required.
billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic. billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Investment in public charging hit $4.1
The Continental Mobility Study 2020 shows that enthusiasm for electric cars is strong in China, while reservations still need to be overcome in Germany, France, the US and Japan. Only in France is the price the most discouraging factor. In France (+3 percentage points) and Japan (+1 percentage point), a small increase can be observed.
Bcf/d, compared with the same period in 2020, according to the US Energy Information Administration (EIA). During the summer months of 2020, US LNG exports fell to record lows, but they set consecutive record highs in November and December. This price difference has supported record volumes of US LNG exports.
In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2022 and 3.8
Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Price data are adjusted for inflation (constant 2019 dollars). Light trucks include classes 1-3. Sources: Cars – U.S.
IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx.
Rising US LNG exports are the result of both natural gas supply challenges in Europe and the sizable price differences between natural gas produced in the United States and current prices at European trading hubs. Bcf/d in 2020 and 14.1 Bcf/d in 2019 and in 2020 to 11.1 The TTF price averaged $28.52 Bcf/d and 14.9
In terms of US net import reliance, 100% of graphite and manganese was imported, 76% of cobalt was imported, and about 50% of lithium and nickel was imported in 2020. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020.
In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.
The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Although US natural gas prices also rose, they ended the 2021–22 heating season at close to $5.00/MMBtu,
Lithium carbonate prices in China rose slightly to 480,500 yuan/tonne in mid-August, remaining close to the record-high of 500,000 from March and 400% higher year-on-year as soaring demand drove expectations of extended supply deficits. Lithium is expected to trade at 484,185.00 by the end of this quarter.
After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 EIA forecasts that in 2022 and 2023, crude oil prices will remain high enough to encourage growth in the number of active drilling rigs and continued improvement in drilling efficiency.
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. 81% of consumers said they will avoid using car-pool services owing to health and safety concerns, compared with just 42% in April 2020.
NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly. This is further enhanced with the 2020 policy of national NEV subsidies that favor battery-swapping technology.
In January 2020, approximately 615 MWh of battery capacity was deployed in new commercial and special purpose electric vehicles in China, 96% of that capacity using LFP cells. Adamas said that it views the renewed adaptation of LFP as a reflection of diversifying market needs.
They found that under the reference infection scenario, US gasoline demand grows slowly after a quick rebound in May, and is unlikely to recover to a non-pandemic level prior to October 2020. Therefore, beyond the immediate economic responses, the longer-term impact on the US economy may persist well beyond 2020.
One possible consequence of the recent jump in the price of gasoline in the United States might be a reduction in driving. in April 2020 compared with pre-pandemic April 2019. For example, it is possible that the jump in the gas price pulled the amount of driving down, while the decline in the pandemic pushed it up.
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