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million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The BNEF forecast is based on first identifying the addressable market for plug-in vehicles—i.e., The model also forecasts sensitivity to gas prices, which will have a considerable effect on uptake.
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 trillion per year by 2050.
At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov. —Deb Niemeier.
Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.
Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 Governments are expected to retreat from stimulus investment highs, shifting financing. access and dictating terms for accessing financing. billion in 2011 to $185.3 billion by 2021. and biodiesel.
Benchmark Mineral Intelligence’s Cobalt Forecast now suggests that cobalt production in the country could increase more than thirty-fold this decade. Although there was scepticism over these projects initially, financing from China has helped them be a success, Benchmark says.
GW, under a high-growth forecast scenario. Under a more conservative business-as-usual forecast scenario, the cleantech market intelligence firm estimates that geothermal power capacity would increase 34% to 14.3 GW to 25.1 GW by 2020. —Pike senior analyst Peter Asmus. Asmus adds that the current installed capacity of 10.7
Roskill forecasts that demand for rare earth permanent magnets in EV drivetrains will increase by more than 17.5% Although Roskill expects that demand fell in 2020 as a result of the disruptions of the pandemic, the company is forecasting a strong reovery in demand in 2021, increasing by 10% y-on-y.
Pike forecasts that the global market for biofuels will increase from $82.7 Governments are expected to retreat from stimulus investment highs, shifting financing. access and dictating terms for accessing financing. billion in 2011 to $185.3 billion by 2021. compound annual growth rate (CAGR) between 2011 and 2021.
UNCTAD predicts that some 23 million electric vehicles will be sold over the coming decade: the market for rechargeable car batteries, currently estimated at $7 billion, is forecast to rise to $58 billion by 2024.
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.
Twenty-five Chinese cities have jointed a pilot program co-sponsored in 2009 by Ministry of Science and Technology, Ministry of Finance, National Development and Reform Commission, and Ministry of Industry and Information, to promote energy-efficient and new-energy vehicles.
In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. This far exceeds the size of the current stationary storage market. Of this, almost a third will get a second life as stationary storage (10GWh), bringing the cumulative total to 26 GWh.
plug-in hybrid electric vehicles (PHEVs) in China by a greater than five-to-one margin during the forecast period, as the incentives and consumer demand in the country favor emissions-free driving. Price will be a major barrier to growth on the demand side, Pike notes, especially given China’s reliance on cash sales over financing.
Efficient Drivetrains has closed initial funds in its Series C financing round, highlighted by an initial infusion of $7.85 The Series C round, forecasted at $15 million is expected to close in Q4 2016, subject to final agreements.
IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million units.
Kearney forecasts 13.2 The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. Behind the forecast, four key macroeconomic factors were measured. A newly released study by A.T. consumer confidence. —Dan Cheng.
Strategy Analytics’ Automotive Connected Mobility service released its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast , tracking more than 140 unique operators across 119 different countries. over the next 10 years, with a global market recovery expected toward the end of 2022. —Roger C.
Using this real-time status allows AMPLY’s system to forecast when the vehicles will be ready-to-go, and once the vehicles are out delivering passengers, AMPLY’s system can track their return state-of-charge battery level and length of time to recharge.
Demand for lithium ion batteries is forecast to grow to 3.7 Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 The rise of gigafactories.
Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. However, longer term scenarios continue to show strong growth for lithium demand over the coming decade.
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.
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. by Jon LeSage for Oilprice.com. Maybe even decline. ”. Maybe even decline. ”. That’s big ,” McKerracher said.
recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. The company forecast is to have more than 15,000 vehicles on the road by the end of 2023. SEA Electric Holdings Pty Ltd. SEA-Drive 120b Power-System.
A new report from Frost & Sullivan, “Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market,” finds forecasts the total market for inductive (wireless) charging will experience a compound annual growth rate of 126.6% from 2012 to 2020, with approximately 351,900 units likely to be sold.
Uncertainty over the performance of electric vehicles means reliable future residual value forecasting is currently impossible, according to UK-based CAP. Customers include the majority of leading finance institutions, contract hire and leasing companies, vehicle retail groups and insurance companies.
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6
The latest long-term forecast from Bloomberg New Energy Finance (BNEF) shows sales of electric vehicles (EVs) increasing from a record 1.1 Source: Bloomberg New Energy Finance. BNEF forecasts that in 2030, EVs will make up 44% of European light-duty vehicle sales, 41% of those in China, 34% in the U.S., and 17% in Japan.
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. With demand expected to triple by 2035, shortages and price increases are also forecasted. Earlier post.).
is not high enough to keep the global average temperature rise below two degrees Celsius, based on forecasts. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the. Governments acknowledged the “urgent.
The report also finds that climate-tech corporate finance totaled $165 billion in 2021. This category of investment, not included in the $755 billion, describes new equity financing raised by companies in the climate-tech space, either from public markets or private investors.
Eclimo is the recipient of a green technology financing program backed by the Malaysian government. The financing provides strategic funds to leading companies as part of the nation’s efforts to support the commercialization of new environmentally progressive technologies.
While investment in EV charging equipment technology has been significant during the past few years, the private sector now needs to focus on financing infrastructure deployments in order for the market to continue to grow rapidly. Forecasts Infrastructure Policy Smart charging' million by 2022, a CAGR of 36.7%.
Study also provides an update to the existing sales forecasts for electric vehicles and also has similar forecasts for electric two wheelers and electric commercial vehicles. Further, this study also focuses on key trends such as mega cities, urbanization, mobility trends and car sharing.
—SEAT Vice-president for Finance and IT Carsten Isensee. It also offers an operator available interface that enables them to create and edit dashboards, monitor data in real time, analyse user behavior or make forecasts, thanks to IoT technology. SEAT is now able to sell software and that’s a great added value for the company.
In June 2019, Neometals entered-into a binding memorandum of understanding with Manikaran jointly to finance assessment and estimation initiatives towards developing the first lithium refinery in India. Gangfeng Lithium has been calcining Mt Marion concentrates in China for more than 3 years.
The financing will be used to establish a hub and spoke network for the company’s commercial scale operations. As global market demand for REEs is forecasted to increase threefold by 2030, establishing new sources of REEs is critical.
Sales of e-bikes in North America will grow by more than 50% in 2013 to more than 158,000 bikes, Pike forecasts. Battery swapping gives way to battery financing. E-bikes surge. Globally, the e-bike market will grow by 10% to more than 33.6 million units during that year. 48-Volt batteries. Europe enables driving without borders.
This financing, together with a combination of Sibanye-Stillwater’s extensive mining expertise that will complement the skills and local knowledge of the experienced Keliber team, will ensure the continued progress of the project to a build ready phase. The project financing would include both a debt and equity component.
The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.
By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF. Per gallon federal gasoline and diesel taxes collected at the pump are deposited into the federal Highway Trust Fund (HTF).
Sales of new electric passenger cars will surpass those of internal combustion models by 2037 according to a new report on EVs from Bloomberg New Energy Finance. It forecasts that worldwide EV sales will.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
MMBtu, according to Bloomberg Finance, L.P. In its Short-Term Energy Outlook (STEO), EIA forecasts that domestic ethane consumption will remain similar to 2022 because EIA does not expect any new US petrochemical cracker plants to be completed before the end of the forecast period. EIA expects ethane consumption to average 2.1
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