Remove Electrical Remove Global Remove Industry Remove Market
article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa active and upcoming capacity combined.

Hydrogen 473
article thumbnail

U.S. EV Market Grows, Still Just 11% of Global EV Market

CleanTechnica EVs

As the global automotive industry pivots towards a more sustainable future, the U.S. electric vehicle (EV) market has shown remarkable. EV Market Grows, Still Just 11% of Global EV Market appeared first on CleanTechnica. continued] The post U.S.

Market 123
article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Most of this growth is driven by an ever increasing demand for electric vehicles. Manufacturing the additional 2.7 Closing this 2.7

article thumbnail

Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

Clean 429
article thumbnail

Amsted Industries forms automotive group to focus on electric and traditional vehicle markets

Green Car Congress

The integration provides an expanded global presence with 16 facilities in North America, Asia and Europe to serve the global customer base with a robust manufacturing footprint producing over 100 million components and assemblies annually. The world automotive market is going through a period of fundamental change.

article thumbnail

Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

Green Car Congress

New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. Volvo Trucks has the largest market share at 42%. Data: IHS Markit.

Volvo 455
article thumbnail

IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

Green Car Congress

More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. First, electric ship markets have historically been underpinned by electric ferry orders, which made up 37% of the maritime battery capacity (GWh) deliveries between 2019 and 2022.