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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. Ship electrification holds significant promise for more efficient use of energy.

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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

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Extracting oil by fracking could stabilize the oil price over the next few years. In this context, the lithium-ion energy storage systems used in most of the EVs and PHEVs currently on the market are safety-critical components. This would make the cost disadvantage for alternative drives even worse.

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Li-ion Reserve in the World: How it Revolutionised the EV Industry

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On the other hand, the gasoline-powered vehicles were also in trouble because of the trail of exhaust gas, the gear shifting, and the cranking required to start the engine. Newly found reservoirs of petroleum and crude oil decreased the oil price. The Great Fall. during the early 1900s.

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