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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.

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Global EV sales reach 10 percent of new cars sold in 2022

Teslarati

Global electric vehicle sales reached 10 percent of all new cars sold in 2022, an increase from 8.3 EVs continue to become more popular year over year, and consumers are making the switch from gas-powered vehicles to battery-powered ones across the world. million electric vehicles were sold. percent in 2021.

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Green Hydrogen Cars: How They are Different?

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When most of us consider ways to reduce carbon emissions in the transportation sector, we immediately think of electric cars or vehicles in general, and in that case, we are right to a greater extent.  As we have quoted several times electric cars are great but battery-operated electric cars have a few disadvantages as well.

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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. The third relevant area of technology is electric power generation.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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Cautioning that the development and commercialization of the electric car is “ not a sprint, but a marathon ”, Volkswagen AG Chairman of the Board of Management Prof. Dr. Martin Winterkorn said that Volkswagen would introduce its first electric vehicles based on the up! VW and the electric car. in pure electric vehicles in 2020.

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Gartner study finds BEVs face market adoption challenge in Germany; recommendations for the government

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study found that German consumer purchase considerations for fully battery-operated electric vehicles (EVs) remain relatively low compared to other powertrain technologies and that most current EV offerings miss consumer’s EV purchase and ownership requirements. A Gartner, Inc. Earlier post.).

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DNV GL: world energy demand will peak in 2035 prompting a reshaping of energy investment due to rapid electrification and inherent efficiency

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As money and policy increasingly favor gas and renewables, the rapidly electrifying energy system will deliver efficiency gains that outpace GDP and population growth. Natural gas will become the single largest source in 2026 and it will meet 25% of the world’s energy needs by 2050. Oil will peak in 2023 and coal has already peaked.

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