article thumbnail

IDTechEx: market value of on-road fuel-cell vehicles to grow to $160B in 2042; 23.9% CAGR over 20 years

Green Car Congress

IDTechEx’s analysis in their new report, “ Fuel Cell Electric Vehicles 2022-2042 ”, forecasts the market value of on-road fuel cell vehicles will grow to $160 billion in 2042 at a CAGR of 23.9% of on-road FCEV market revenue will be from the passenger car market. over the 20-year forecast period.

Market 221
article thumbnail

Comment on BYD catches up with Tesla in global BEV market share in Q3 by Midori Mayari

CN EV Post

And let's not forget that BYD's "invasion" of the foreign markets is just beginning. And I'm not talking about US and Europe; rather, I'm talking about Latin America, Africa, the rest of Asia apart from China, Japan, and South Korea, and so on. It's a meaningless measurement for most car companies, including Tesla.

BYD 74
article thumbnail

BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

Green Car Congress

China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. In 2020, Japan and Korea rank number two and three respectively.

Li-ion 459
article thumbnail

India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

India has retained its position as the third largest car market in the world in 2023. 3 position, Japan made a resounding comeback in 2023, registering growth of 14% growth in 2023 as against India’s 8 percent. Japan ended the year a shade below 4 million units, whereas India sold 4.11 In what was a close finish to No.

India 52
article thumbnail

Ghosn: Renault-Nissan needs both high- and low-spec EVs to be player in China market; ongoing importance of gov’t support

Green Car Congress

The China market is currently oriented toward “lower-spec” models—i.e., We think that in order to be a big player in the Chinese market we need both offers—high spec, low spec, higher price, lower price—because I believe that the support that the Chinese government is giving to electric cars is going to continue and it’s going to be stronger.

China 150
article thumbnail

IIASA study proposes solid air hydrogen liquefaction as efficient addition to hydrogen liquefaction supply chain

Green Car Congress

This would increase the viability of a global hydrogen economy in the future and increase the number of hydrogen suppliers for energy-demanding regions, such as China, Europe, and Japan. The hydrogen is liquefied where electricity is cheap. Also, SAHL can lower energy consumption for hydrogen liquefaction by 25 to 50%. Montanari, P.,

Hydrogen 273
article thumbnail

Slowing EV uptake may delay Panasonic’s EV battery expansion, says CEO – ET Auto

Baua Electric

The company will decide investments based on commitments it gets from automakers, Kusumi said, adding that it was assessing mid- to long-term market demand. The company will decide investments based on commitments it gets from automakers, Kusumi said, adding that it was assessing mid- to long-term market demand.

Auto 52