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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 Light duty vehicles (LDVs) account for almost 95% of NGVs on roads today, but trucks and buses are growing at a faster rate and are anticipated to account for 9% of the total fleet by 2020. Click to enlarge.
XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. XL has strong demand momentum with a $220-million 12-month sales pipeline and forecasted revenue of more than $21 million in 2020 and $75 million in 2021.
Autonomy, the nation’s largest electric vehicle subscription company, placed an order for 23,000 electric vehicles with 17 global automakers to expand and diversify its subscription fleet beyond Tesla. The fleet order is valued at $1.2 Production Forecasts: Vehicle will be available to purchase before the end of 2023.
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 low end and $60.02
million vehicles sold in 2019, according to a new forecast by Pike Research. Although Pakistan also has a large fleet of NGVs, its market has been volatile as the government looks to reduce strains on the country’s NG supplies, according to the report. market largely consists of fleet purchasers rather than individual consumers.
BrightDrop, the GM business focused on decarbonizing last-mile delivery, is acquiring fleet optimization software from Marain Inc., This will enable fleet customers to better optimize their operations as they make the transition to an all-electric future. a California-based technology startup.
Airlines in the Asia-Pacific region will lead global demand for larger and more eco-efficient aircraft over the next 20 years, according to Airbus’ latest Global Market Forecast (GMF). As a result, Airbus forecasts that carriers in the region will acquire some 4,130 widebody aircraft over the next 20 years (46% of worldwide demand).
The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., LDVs primarily fueled by gasoline will fall as a percentage of the overall global fleet from 82% in 2014 to 75% in 2035. —“Transportation Forecast: Light Duty Vehicles”. billion vehicles on the world’s roads.
In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021 , released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 of the global LDV fleet in 2020 to 31% in 2050, reaching 672 million vehicles. billion vehicles in 2020 to 2.21
The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. Engines Forecasts Fuel Efficiency Vehicle Systems' Regional growth projections. Source: Honeywell Turbo.
The US Energy Information Administration’s (EIA) short-term forecasts of US gasoline consumption, which cover the current and upcoming calendar year, have risen 1.6% The STEO forecast of 2014 gasoline consumption was generally declining between January 2013 and September 2013, but has risen over the past year. over the past year.
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).
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.
Diesel demand accounts for 70% of the growth in demand for all transportation fuels through the forecast period to 2040. About 80% of the growth in commercial transport demand will come from developing nations, according to the forecast. Mix of the global vehicle fleet. Source: ExxonMobil Outlook. Click to enlarge.
This could prove very problematic for the industry in a year that was supposed to mark the big shift to EVs to reduce fleet CO2 emissions in line with new tighter EU CO 2 targets. —Mike Vousden, Automotive Analyst at GlobalData. —Mike Vousden.
to 6% reduction in fleet fuel consumption and greenhouse gas emissions by 2040, on top of a projected 26.8% With the possible efficiency gains determined at an individual vehicle level, the MIT team then used a fleet model to calculate the aggregate benefit for the LDV fleet. Baseline vehicle sales mix for fleet model.
Airbus forecasts that China will need more than 5,300 new passenger aircraft and freighters from 2014 to 2033, with a total market value of US$820 billion. In the next 20 years, the forecast average annual growth rate for the domestic Chinese market is 7.1% The average annual economic growth in China is forecast at 7.4%
A new report by ABI research forecasts that a proportionately higher uptake of EVs in car-sharing fleets, and the higher utilization rates of those EVs, will result in global electric mileage share to exceed 20% by 2030.
AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future. Fleet operators work on a very rigorous timeline and must adhere to a strict operational dance to ensure their vehicles run on-schedule. As we expand our EV fleet, we look forward to working with AMPLY to realize even greater savings.
Navigant Research forecasts that the United States will remain the largest national market for light-duty plug-in electric vehicles (PEVs) during the next 10 years, with LD PEV sales exceeding 514,000 in 2023. Navigant Research forecasts that the global LD PEV market will grow at a compound annual growth rate (CAGR) of 24.6%
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.
Hitachi ABB Power Grids has launched Grid-eMotion Fleet, a scalable, modular and fully customizable solution for large-scale EV charging of smart public and commercial transport. Grid-eMotion Fleet comes in standard containers that integrate the grid connection and charging systems.
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.
A new study from Juniper Research forecasts that the volume of electric vehicle battery pack shipments will reach 30 million in 2027 up from 10 million in 2022. Mass electrification of fleet vehicles is required for meeting corporate decarbonisation goals and will drive investment into electric vehicles from enterprises.
Using EVI-OnDemand, the researchers estimated the charging infrastructure needed for ride-hailing fleets like Uber and Lyft to electrify their operations. Using EVI-RoadTrip, the researchers projected the charging infrastructure needed to make long-distance travel along national highways feasible.
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.
While we forecast global EV sales to grow by a remarkable 21% CAGR over the next decade, the increase in battery production and capacity will be even higher. But OEMs will increasingly be compelled to electrify most if not all of their fleets.
million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12% of the light vehicle fleet, based on new research and forecasts from business information provider IHS Markit). More than 11.2 percent in 2024.
The closing of office buildings, schools, factories, and other facilities made it challenging for utilities to forecast how much electricity customers would be consuming. The fluid situation has left utility companies scrambling for solutions to improve load-forecasting accuracy. Many employees continue to work from home.
In a new report , Navigant Research forecasts that global sales of electric drive and electric-assisted medium- and heavy-duty commercial vehicles (MHDV, Classes 3 to 8) will grow from less than 16,000 in 2014 to nearly 160,000 in 2023, representing a compound annual growth rate (CAGR) of 29.3%.
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.
million tonnes of cumulative global production of lithium between 2015 and 2022, according to Benchmark’s Lithium Forecast. Benchmark forecasts that in 2040, nearly 20% of lithium chemicals will be produced from recycled batteries or process scrap. Near-term, a total of 2.9 million tonnes LCE will be needed by 2032, more than the 2.7
This is the sixth straight year of increase in the average vehicle age of the US fleet. The combined effect caused retail and fleet sales of new light vehicles in the US to drop 8% from 2021’s 14.6 An older fleet means vehicles will continue to need repair work and service to perform correctly. have left the fleet.
Driven particularly by the demand of the e-mobility sector, Europe’s share of global battery cell production is forecast to reach almost 15% by 2024, overtaking the US and Asia excluding China. Europe is already the fastest growing lithium-ion battery production center in the world, with zero local supply of lithium hydroxide.
Selected forecasts of US PEV sales with barriers to fleet penetration from limited residential charging infrastructure. Electric (Battery) Forecasts Infrastructure Plug-ins' Traut et al. Click to enlarge. 2013.10.001.
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.
The conventional Kaya identity used in transport energy and emissions forecasting considers vehicle miles travelled (VMT) and average energy density in kWh/mile to calculate total energy use. Autonomy is expected to greatly disrupt these forecasts, possibly along with new preferences for walkable urbanism, ridesharing, and other changes.
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.
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.
trillion, according to Airbus’ Global Market Forecast (GMF). The passenger and freighter fleet will increase from today’s 18,500 aircraft to 37,500 by 2033, an increase of nearly 19,000 aircraft. Aviation is growing impressively and our latest forecast confirms its long term growth. Air passenger traffic will grow annually at 4.7%
New analysis by IHS Markit suggests that automakers failing to meet 2021 fleet CO 2 emissions compliance for passenger vehicles sold in the European Union (EU) could be fined more than €14 billion (US$16 billion) in 2021. New passenger car fleets that fail to meet compliance are set for potentially substantial fines in both 2020 and 2021.
State forecasters projected fiscal 2014 natural gas motor fuel tax revenue of $992,000, equal to sales of 6.6 The Summit will connect industry employers with job seekers, showcase advanced natural gas technology and offer workshops for fleet managers and exploration and production operators. million gallon equivalents.
Other major conclusions are: Technology acceleration is key as industry and aviation can only afford one fleet refresh between now and 2050. From the mid-2030s, liquid hydrogen is forecast to become cheaper as well as greener than Power to Liquid SAF which is expected to be the primary SAF as demand increases. million jobs in 2070.
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