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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. These are great cars.

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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MMBtu, according to Bloomberg Finance, L.P. US ethane exports to China increased 50% from 2021 to a record-high average of 157,000 b/d in 2022. Ethane exports to China increased because an additional 75,000 b/d of ethane-fed cracker capacity came online in China. EIA expects ethane consumption to average 2.1

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. BNEF will discuss its EV forecast in detail at its upcoming annual BNEF Summit in New York in April. Although some 1.3

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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The latest long-term forecast from Bloomberg New Energy Finance (BNEF) shows sales of electric vehicles (EVs) increasing from a record 1.1 China will lead this transition, with sales there accounting for almost 50% of the global EV market in 2025 and 39% in 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. billion in 2011 to $185.3 billion by 2021. However, despite strong.

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