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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. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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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.

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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

Green Car Congress

JJE brings more than 10 years of experience in electric motors and power electronics, as well as central- and direct-drive electrified propulsion architectures. The partnership will further allow both parties to benefit from a global manufacturing presence and service networks to support customers in local markets.

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Subaru’s first global all-electric vehicle SOLTERRA makes world debut

Green Car Congress

In Tokyo, Subaru Corporation today unveiled its new battery electric vehicle (BEV) SOLTERRA; SOLTERRA will make its US debut at the LA Auto Show later this month. Subaru jointly developed the e-Subaru Global Platform together with Toyota Motor Corporation as a BEV-dedicated platform. US market specifications will be revealed in LA.

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BMW introduces electric 3 Series for Chinese market

Green Car Congress

The BMW Group continues to broaden its portfolio of electrically powered vehicles with the addition of the fully electric BMW 3 Series, which will enter the Chinese market in May 2022. The BMW i3 eDrive35L will be assembled exclusively for the Chinese market at the BMW Brilliance Automotive Ltd. plant in Lydia, Shenyang.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.