EIA forecasts US fossil fuel production to reach new highs in 2023

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Based on forecasts in its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects US fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023.

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EIA forecasts crude oil prices will decline through 2023

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In 1Q22, however, the US Energy Information Administration (EIA) forecasts that global oil markets will be balanced and that rising production will contribute to inventory builds in 2Q22 and continuing through 2023. While the inventory draws from 3Q20 to 4Q21 put upward pressure on crude oil prices, the forecast inventory builds from 2Q22 to 4Q23, conversely, will put downward pressure on crude oil prices, the EIA said. Forecasts Market Background Oil


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EIA forecasts rising global oil production will limit price increases

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EIA forecasts production will increase more rapidly than consumption, ending the large global stock draws seen in the first two quarters of 2021 and limiting upward crude oil price movement. EIA forecasts OPEC’s annual production to average 26.9 Forecasts Market Background Oil

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Fitch Solutions forecasts nickel demand for EV batteries to grow 29.2% per year to 2030

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This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts. Fitch bases its forecast on the underlying assumption that NMC 811 cathodes will rise to 80.0%

University of Münster team reviews battery cost forecasts, provides consolidated view

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1 in 2050, and 12 technology-specific forecast ranges that indicate cost potentials below $90 (kWh) ?1 Overview of time-specific and technology-specific forecasts. Batteries Electric (Battery) Forecasts

ABI Research forecasts 83M 5G C-V2X connected cars by 2035

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5G Connected vehicles CV2X Forecasts Market BackgroundAccording to recent figures published by global tech advisory firm ABI Research, a total of 41 million 5G connected cars will already be on roads by 2030. That number will rise to 83 million 5G connected cars by 2035.

2020 260

S&P Global report forecasts absolute emissions from Canadian oil sands to decline even as production grows

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Canada Emissions Forecasts Market Background Oil sandsBy the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth.

US Xpress releases trucking industry forecast; driver turnover, truckload capacity and load volumes significantly impact market

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one of the US’ largest asset-based truckload carriers by revenue, released its September industry forecast spotlighting key economic trends and updates specific to the trucking industry. Forecasts Heavy-duty Market BackgroundUS Xpress, Inc., Three key insights include: Rising Driver Turnover. As the economy slowly recovers, freight volumes will rise and drivers will become an increasingly precious commodity.

2020 249

Strategy Analytics forecasts strong growth in automotive sensors driven by EV demand

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Strategy Analytics forecasts that automotive sensor market growth will be driven by an expected increase in demand for electric vehicles. Electric (Battery) Forecasts Market Background Sensors

2020 242

IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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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. Electric (Battery) Fleets Forecasts

2020 226

BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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BNEF now forecasts that green hydrogen from renewables should be cheaper than natural gas (on an energy-equivalent basis) by 2050 in 15 of the 28 markets modeled, assuming scale-up continues. According to the BNEF forecast, the costs of producing green hydrogen from renewable electricity should fall by up to 85% from today to 2050, leading to costs below $1/kg ($7.4/MMBtu) by 2050 in most modeled markets. Forecasts Hydrogen Hydrogen Production Market Background

Roskill forecasts Li-ion battery demand to increase more than ten-fold by 2029 to >1,800GWh

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Roskill forecasts that Li-ion battery demand will increase more than ten-fold by 2029, reaching in excess of 1,800GWh capacity. Batteries Electric (Battery) Forecasts Market BackgroundThe pipeline capacity of battery gigafactories is reported by Roskill to exceed 2,000GWh in 2029, at more than 145 facilities globally.

2020 205

IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

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IHS Markit said that the 40% chance of an extended lockdown forecast reflects immediate impacts of new containment measures that have been announced globally and expanded within countries already confronting the virus. Forecasts Health Market Background Sales

2020 206

Guidehouse Insights forecasts deployments of highly automated vehicles are unlikely before 2025

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Forecasts for partially automated vehicles are also included. Autonomous driving Forecasts Market BackgroundAccording to a new report from Guidehouse Insights, significant deployments for more than a few hundred thousand light-duty, highly automated vehicles are not expected until after 2025, with global volumes expected to reach approximately 13.1 million in 2030.

2020 167

Tractica forecasts Mobility as a Service to grow at 24% CAGR to become $563.3B market by 2025

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A new report from Tractica forecasts that the global market for Mobility as a service (MaaS) to grow at a compound annual growth rate (CAGR) of 24.0% North America is forecast to be the second largest market since it is a pioneer and supporter of ride-hailing and vehicle subscription services.

2019 195

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 A high level of uncertainty remains in our outlooks, but we have consistently forecast that elevated crude oil prices would help drive record-level annual US oil production levels in 2023. EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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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). The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh combined by 2040, providing a major opportunity for battery makers and miners of component metals such as lithium, cobalt and nickel.

2019 200

Novel Approaches for Forecasting Electricity Demand

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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.

Tesla’s biggest bear sets Q3 delivery forecast at 223k


Earlier today, GLJ Research released its Q3 2021 delivery forecast at 223,000 vehicles, which is slightly above consensus estimates. The post Tesla’s biggest bear sets Q3 delivery forecast at 223k appeared first on TESLARATI.

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Tesla delivery forecast set to surge 33% in 2022: Wedbush


Tesla’s ( NASDAQ: TSLA ) delivery forecast is set to surge by one-third in 2022 from 2021, according to a new investor note from Wedbush analyst Dan Ives. The post Tesla delivery forecast set to surge 33% in 2022: Wedbush appeared first on TESLARATI.

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Electric Vehicle Forecast For 2030


The post Electric Vehicle Forecast For 2030 appeared first on enrg.io. The verdict is in, and electric cars are here to stay. Sales revenue for electric vehicles has continued to grow exponentially throughout 2020. In the. Electric Cars

2020 52

Navigant forecasts global natural gas fleet of 34.9M by 2020

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In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 Asia Pacific is the largest market for LNG trucks; Navigant forecasts a CAGR of 25%, reaching 11,245 units. Forecasts Natural Gas Cumulative natural gas vehicles in use by segment, world markets: 2013-2020. Source: Navigant Research. Click to enlarge.

2013 257

Benchmark Mineral Intelligence: lithium industry needs $42B investment to meet 2030 demand

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Benchmark forecasts lithium demand in 2030 will reach 2.4 million tonnes more than the 600,000 tonnes of lithium Benchmark forecasts will be produced in 2022. By 2030, there will also be a deficit of 230,000 tonnes of refined nickel, as assessed by Benchmark’s Nickel Forecast.

Juniper forecasts MaaS to replace 2.3B private car journeys annually by 2023; Europe to lead with 83%

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The new research, Mobility-as-a-Service: Emerging Opportunities, Vendor Strategies & Market Forecasts 2018-2023 , found that West Europe will lead MaaS adoption, accounting for 83% of global MaaS trips in 2023. Conversely, Juniper forecast that the growth of MaaS in the US will be slower, given the highly-fragmented nature of the state and federal system, coupled with lukewarm legislative support for regulating a free market. Forecasts Mobility services

2018 183

Lucid Group lowers 2022 production forecast by around 30 percent


Lucid Group ( NASDAQ: LCID ) held its Q4 2021 Earnings Call last evening, where it revised its 2022 production forecast from around 20,000 vehicles to between 12,000 and 14,000 units this year.

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. BNEF forecasts the role of gas in the generation mix will evolve, with gas-fired power stations increasingly built and used to provide back-up for renewables rather than to produce base-load, or round-the-clock, electricity. Batteries Coal Emissions Forecasts Power Generation Solar Wind

2018 192

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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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. The forecast shows EV sales worldwide growing steadily in the next few years, from the record 700,000 seen in 2016 to 3 million by 2021.

2017 163

IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

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IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 Source: IHS Automotive, September 2015 Light Vehicle Sales Forecast. China Forecasts Sales

2015 211

BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate

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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. Electric (Battery) Emissions Engines Forecasts Fuel Efficiency Hybrids Policy

2017 183

Navigant forecasts global 6% CAGR for biofuels to 2023

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Navigant Research forecasts global biofuels production will grow at a compound annual growth rate (CAGR) of 6% between 2013 and 2023, despite slower than expected development of advanced biofuels pathways (such as cellulosic biofuels); an expected expansion in unconventional oil production in key markets such as the United States; and a decline in global investment for biofuels in recent years. over the forecast period. CAGR over the forecast period.

2013 196

Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

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Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. This year’s forecast recognizes an industry trend for slightly bigger engine sizes in Europe and China as automakers adapt powertrain strategies to tackle updated emissions regulations developed for real-world driving conditions. 48V Engines Forecasts Fuel Efficiency Hybrids Sales

2016 209

Tesla (TSLA) gets bullish forecast with conservative Cybertruck estimate


billion of non-GAAP net income, Morgan Stanley has published a note outlining its forecasts for the EV maker. The investment bank’s 2025 delivery forecast remained at 3.1 million cars, while the 2030 forecast remained at 5.6

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Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023

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In a new report , Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 Navigant forecasts faster growth for North America, Western Europe, and Latin America (6.8%, 12.3%, and 9.5% China Electric (Battery) Forecasts Personal Transit million units in 2014 to 40.3 million units in 2023 under a base scenario—a CAGR of 2.7%. Navigant expects China, the market leader, to reach 28.8

2014 229

Navigant forecasts annual plug-in electric vehicle sales in N America to exceed 1.1M by 2024

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In a new report, Navigant Research forecasts that North American plug-in electric vehicle (PEV) sales will exceed 1.1 The report, Electric Vehicle Geographic Forecasts , provides data and forecasts for LD PEV sales in North America, including US states, MSAs, and utility service territories and Canadian provinces and cities. Electric (Battery) Forecasts Hybrids Plug-ins Sales

2015 186

Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

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In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 Brazil, Russia, India, and China (the BRIC nations) will represent the largest increases, as the percentage of global road transportation energy consumed by these nations is forecast to grow from 20% in 2014 to 36% in 2035. gasoline and diesel) represent the bulk of energy consumption throughout the forecast period.

2014 211

Amid Elon Musk’s buyout, Twitter blows past Q1 2022 forecasts for user growth


The post Amid Elon Musk’s buyout, Twitter blows past Q1 2022 forecasts for user growth appeared first on TESLARATI. With Twitter agreeing to a takeover by Tesla CEO Elon Musk on Monday, the social media company canceled its scheduled Q1 2022 earnings call.

Navigant forecasts LD natural gas vehicles to account for 2.8% of global vehicle parc by 2024

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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. Forecasts Natural Gas Cumulative light-duty NGV sales by segment. Source: Navigant. Click to enlarge. million NGVs on the world’s roads and accounting for 2.8% of all vehicles on the roads.

2014 207

Forecast: In 2030, gasoline will still power 7 out of 10 new U.S. vehicles

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market forecasts Car SalesGiven the daily churn of electric-car announcements, major manufacturing investments, and battery supply-chain news, it could be a little hard to understand one reality-check projection: that even in 2030, a solid majority of vehicles sold could still burn fossil fuel. Last week, LMC Automotive, a consulting firm with a strong reputation for its.

2019 102

Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE). Combined, this additional capacity totals just under 100,000 tpy LCE, enough to meet forecast demand to 2017.

2013 240

Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

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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. Continued pressure to improve the driver experience and meet future industry requirements is spurring the positive trend seen in this year’s forecast, which include double-digit growth in both North America and China. Engines Forecasts Fuel Efficiency Vehicle Systems

2014 217

Navigant forecasts global annual sales of LDVs of 122.6M by 2035, up 38% from 2015

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In a new report, Navigant Research forecasts global annual sales of light duty vehicles will reach 122.6 Navigant expects sales of conventional internal combustion engine (ICE) vehicles will fall significantly over the forecast period, experiencing a CAGR of -6.6%. of global LDVs in use; however, PEVs (which also includes PHEVs) will represent more than 2.2%, according to the forecast. — Transportation Forecast: Light Duty Vehicles.

2015 188

IHS Automotive forecasts global production of plug-in vehicles to rise by 67% this year

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Global electric vehicle production forecast for 2014. Electric (Battery) Forecasts Hybrids Manufacturing Plug-ins Source: IHS Automotive. Click to enlarge. Driven by tighter emission standards in Europe, worldwide production of plug-in electric vehicles(PEVs)—including both battery-electric (BEV) and plug-in hybrid (PHEV) models—will increase by 67% this year, according to IHS Automotive, driven by Polk. The jump in the PEV market this year contrasts with an expected 3.6%

2014 257

Navigant forecasts 29.3% CAGR growth for electric-drive and electric-assisted commercial vehicles to nearly 160K units in 2023

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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%. Navigant expects the highest sales penetration rate for an individual country to be in Japan, with a forecast 21.2% Electric (Battery) Fleets Forecasts Heavy-duty Hybrids Plug-ins

2015 228