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Cho went on to say style is key as Cadillac is very expressive in how we stand out from other luxury brands by being aware of fashion trends and even forecasting trends. Make sure to opt-in to the Clean Fleet Report sponsored newsletter (top right of page) to be notified of all new stories and vehicle reviews. Story by John Faulkner.
The government is set to reduce the cost of certain new electric cars by up to £3,750 through new grants aimed at encouraging a shift from petrol and diesel vehicles. However, they added it was too early to forecast the grant’s impact on its customers, given it has yet to receive full details from the government.
Clean Fleet Report will write a more detailed Road Test review in the coming months when we have more seat time in the EV. It is hard enough for an auto manufacturer to forecast consumer interest in a specific type of vehicle without external forces creating havoc in the planning process. Until then, here are some notes to get started.
A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East. —study co-author Olivia Williams.
In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. Forecasts Natural Gas'
A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 million in 2008. Environmental benefits. Availability.
In a new report produced at the request of Senator Chuck Schumer (D-NY) and Senator Sherrod Brown (D-OH), the Center for Transportation and the Environment (CTE) concluded that a the entire US transit fleet could transition to zero-emission vehicles (ZEVs) by 2035 at a cost of between $56.22 billion and $88.91 billion on the high end.
Annual hybrid and plug-in hybrid sales, global and fleet. According to a new report from Pike Research, the global market for hybrid-electric (HEV) light-duty vehicles in the fleet sector will increase at a compound annual growth rate (CAGR) of 17.5% Worldwide, HEV fleet sales will reach 740,704 vehicles in 2015, accounting for 3.7%
A new report from Pike Research forecasts that by 2017 more than 1.5 The firm had earlier forecast more than 5.1 EVSE prices will fall by 37% through 2017 as costs are driven lower by competition from large electronics companies as well as volume production. Source: Pike Research. Click to enlarge. million locations worldwide.
In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030.
In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 Navigant forecasts only 56,251 LD NGV sales in 2014 in North America. This region seems likely to remain focused on the fleet markets (such as municipal vehicles).
GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. However, the amount of time taken to make up that price differential depends on the cost of fuel. —Mike Vousden, Automotive Analyst at GlobalData.
million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% CAGR) as NGVs spread in the fleet and consumer markets; overall, however, NGVs will remain a small percentage of the market as China’s government is expected to continue to focus on electrification. to reach 19.9
These are to: (1) reduce the cost of electric charging infrastructure; and (2) manage EV loads while maintaining or improving power quality, reliability, and affordability. Non-residential use includes EVSE installations at commercial and public locations for commercial charging, workplace charging, fleet charging, etc.
In a new report , Navigant Research forecasts that US military spending on alternative drive vehicles (ADVs—including hybrid electric vehicles (HEVs), plug-in electric vehicles (PEVs), and ethanol-powered vehicles—for the non-tactical fleet will increase from more than $435 million in 2013 to $926 million by 2020, a CAGR of 11.4%.
New research released by Deloitte and Douglas-Westwood finds that the total cost of decommissioning the more than 260 offshore oil and gas platforms—including the associated wells, manifolds, pipelines and umbilicals—on the UK Continental Shelf (UKCS) could be in excess of $30 billion over the next 30 years.
The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. The fleet market makes up about 70% of the global NEV marketplace, Pike says. Technology.
Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). —Logan Goldie-Scot, head of energy storage at BNEF.
A new report from Pike Research forecasts that sales of medium- and heavy-duty (MD/HD) hybrid trucks—including hybrid electric (HEV), plug-in hybrid (PHEV), battery electric (BEV), and plug-in electric power take-off (EPTO) variations—will surpass 100,000 vehicles annually by 2017. Source: Pike Research. Click to enlarge.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Our conclusions are stark for fossil fuel use in road transport.
Driving sales of these vehicles will be fleet owners’ desire to demonstrate that their vehicles are more environmentally friendly than competitors’ fleets and government emission regulations that have a bottom-line cost impact on fleet operators.
In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.
In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions. Commercial fleets.
Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% million in 2008. to reach just over 3 million vehicles (including conversions) by 2015. Energy security.
Pike Research forecasts that worldwide sales of medium- (MD) and heavy-duty (HD) hybrid, plug-in hybrid and battery electric trucks are will grow at a compound annual growth rate (CAGR) of 63%, with sales of almost 300,000 vehicles during the period from 2010 to 2015. World markets for HEV/PHEV/BEV medium- and heavy-duty trucks 2010–2015.
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.
In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million vehicles in 2015 to 3.9 million in 2025. million, accounting for 2.6%
The market research firm also anticipates strong growth in Europe and North America due to the high costs of diesel fuel and increasingly strict government emissions restrictions.
According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. A major factor has always been the cost of battery packs.
ABI Research forecasts global Mobility as a Service (MaaS) revenues will exceed $1 trillion by 2030. MaaS will result in more environmentally friendly transportation through the deployment of fleet-based, alternative powertrain vehicles and reduced congestion through improved utilization rates of available resources.
GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. C global warming. Current policies will create a mitigation gap of up to 19?GtCO Milovanoff et al.
As an example of cost direction, BCG forecasts that NCA cell and pack costs will decline 60-65% by 2020. Of the roughly 14 million electric cars forecast to be sold in 2020 in China, Japan, the United States, and Western Europe, BCG projects that some 1.5 Cost and TCO. Source: BCG. Click to enlarge. BCG Report.
FCC) catalysts will achieve advances, particularly in Asia as the growing motor vehicle fleet stimulates new gasoline and diesel fuel demand, according to the report. Local power generation is becoming more valued as people realize that the cost of conditioning electricity for the grid is an unnecessary expense in local power environments.
The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. But the big new feature of this forecast is electric buses.
The fleet of EVs on the road hits 77 million by 2025 and 229 million by 2030, based on BNEF’s Economic Transition Scenario. Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. million sold in 2021 to 21 million in 2025.
Overall, worldwide sales forecasts—and hence the related production forecasts for EVs and PHEVs—are more conservative than in the preceding survey period. Since the previous survey, forecasts for vehicle production in Germany, France and South Korea have experienced positive development but remain at comparably low levels.
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Driven by increasing population, urbanization and rising living standards, the world will require some 35% more energy in 2040, according to ExxonMobil’s annual forecast report: Outlook for Energy: A View to 2040.
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% over the 20-year forecast period. Relatively small fleets of heavy-duty FCEV could provide sufficient hydrogen demand to viably operate an HRS.
Sales of e-bikes in North America will grow by more than 50% in 2013 to more than 158,000 bikes, Pike forecasts. Since then, the cost has come down and reliability of converters has improved. A lease option reduces the upfront cost of the vehicle, while also reducing the uncertainty of real-world battery performance.
The researchers also found that a binding fuel economy standard, combined with a cap-and-trade (CAT) policy, increases the cost of meeting the GHG emissions constraint by forcing expensive reduction in passenger vehicle gasoline use, displacing more cost-effective abatement opportunities. Resources.
The costs of these alternative energy technologies are falling rapidly, and they are on the path to becoming cost-competitive within the next five to ten years, if not sooner. However, even with higher adoption rates, EVs are unlikely to become a material part of the vehicle fleet in the coming decade, because fleet turnover is slow.
Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. Light-duty vehicle fleet by type - projections. Per capita income in those countries is likely to increase by 135%. Source: ExxonMobil.
million units/year); the availability of subsidies and incentives; the availability of an extensive and expensive recharging infrastructure and adequate energy supplies; the future cost of oil; and the cost of meeting transport emissions legislation through means other than EV production.
The Fleet Test and Evaluation Team at the National Renewable Energy Laboratory (NREL) is in the middle of a 12-month project evaluating. NREL is also analyzing charging data to support total cost of ownership estimations and investigations into smart charging opportunities.
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