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

Green Car Congress

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. quadrillion British thermal units. US NGPL production increased by 4% in 2021.

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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

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.

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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Trading Economics.

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EIA forecasts crude oil prices will decline through 2023

Green Car Congress

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.

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Albemarle ups lithium demand forecast to 3.7 MMt in 2030, calls for higher prices to support new projects to meet demand gap

Green Car Congress

In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand.

Price 387
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SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

Green Car Congress

The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.

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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24.

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

Green Car Congress

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.

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

Green Car Congress

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. million b/d, according to the forecast. million barrels per day [b/d]) in 2022 and by 2% (0.8 million b/d) in 2021.

Brazil 242
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Fitch Solutions forecasts nickel demand for EV batteries to grow 29.2% per year to 2030

Green Car Congress

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% of NMC market share by 2027—effectively raising the average nickel content.

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EIA forecasts rising global oil production will limit price increases

Green Car Congress

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI). million b/d in 2022.

Oil 228
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University of Münster team reviews battery cost forecasts, provides consolidated view

Green Car Congress

In an effort to provide a degree of transparency to the large variance of forecasted costs due to differences in methods and assumptions, the Münster team clustered the papers according to four applied forecasting methods: technological learning; literature-based projections; expert elicitations; and bottom-up modeling. Mauler et al.

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Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost

Green Car Congress

Benchmark Mineral Intelligence’s Cobalt Forecast now suggests that cobalt production in the country could increase more than thirty-fold this decade. This would bring Indonesia into second place for cobalt mining, after the Democratic Republic of Congo.

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EIA: US crude oil production will increase to new records in 2023 and 2024

Green Car Congress

In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 Increased production in the Permian region and, to a lesser extent, in the Federal Offshore Gulf of Mexico (GOM) drives the forecast growth in production. million b/d.

Oil 451
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. mb/d this year, world oil demand is forecast to expand by 2.2 Runs are forecast to rise by 3.5 mb/d in 2023, surpassing pre-pandemic levels. mb/d in 2022 to 2.2 Following gains of 1.8 mb/d to 101.6

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

Green Car Congress

Strategy Analytics forecasts that automotive sensor market growth will be driven by an expected increase in demand for electric vehicles. over the 2019 – 2024 timeframe.

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Adamas Intelligence forecasts global demand for NdFeB magnets to increase at CAGR of 8.6% through 2035; shortages of alloys, powders, REE expected

Green Car Congress

In its new Rare Earth Magnet Market Outlook to 2035 report, Adamas Intelligence forecasts that global demand for NdFeB magnets will increase at a CAGR of 8.6%, bolstered by double-digit growth from electric vehicle and wind power sectors. This will translate to comparable demand growth for the rare earths elements (i.e., billion by 2035.

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

Green Car Congress

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. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast.

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ASPIRE project optimises accuracy and efficiency of weather forecasts

Innovation News Network

Read how the Karlsruhe Institute of Technology (KIT) is pioneering a method for more accurate and energy-efficient weather forecasts. The post ASPIRE project optimises accuracy and efficiency of weather forecasts appeared first on Innovation News Network.

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

Green Car Congress

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.

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Using cosmic rays to forecast tropical storms

Innovation News Network

The post Using cosmic rays to forecast tropical storms appeared first on Innovation News Network. Experts have advanced early weather warning systems, utilising cosmic rays to accurately monitor tropical storms for the first time.

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Tesla Sales Forecasts for 2021

CleanTechnica EVs

Shortly thereafter, I published my somewhat detailed Tesla sales forecast (i.e., delivery forecast) for 2021. Two months ago, Tesla released its 1st quarter production and delivery totals, which were well above what Wall Street analysts were expecting.

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

Green Car Congress

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. US Xpress, Inc., Three key insights include: Rising Driver Turnover.

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EIA expects significant increases in US wholesale electricity prices this summer

Green Car Congress

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.

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Tesla Sales Forecasts — Good Or Bad?

CleanTechnica EVs

I wrote yesterday about Tesla’s 4th quarter production and delivery forecast throughout the year and what it’s likely to achieve. This was simply a data-driven effort to match up expectations and the likely scenarios.

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2021 Tesla Sales (936,172) Just 1% Above CleanTechnica’s Forecast — What Of 2022?

CleanTechnica EVs

Looking At 2021 Tesla Sales Forecasts In the middle of April 2021, I put together forecasts for Tesla sales (deliveries) in the 2nd quarter, 3rd quarter, 4th quarter, and full year.

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Lucid slashes 2022 manufacturing forecast after tough second quarter

Baua Electric

Lucid Motors slashed its manufacturing forecast in half for the yr to between 6,000 and seven,000 items of its Air electrical sedan after a troublesome second quarter resulting from supply-chain. The post Lucid slashes 2022 manufacturing forecast after tough second quarter appeared first on Bauaelectric Auto News.

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Ferrari lifts full-year forecasts after robust Q2 outcomes

Baua Electric

MILAN — Ferrari raised its forecasts for full-year income and core revenue after posting what it described as file ends in the second quarter and saying its order guide hit. The post Ferrari lifts full-year forecasts after robust Q2 outcomes appeared first on Bauaelectric Auto News.

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Tesla Sales Forecasts For 2021 — Updated

CleanTechnica EVs

In April, I published a couple of Tesla sales forecasts for 2021, and then I followed that up with one more at the beginning of June. With Tesla’s Q2 sales numbers now in, let’s revisit some of those forecasts. First of all, Troy Teslike has updated his Q3 forecast by about 8,000 since mid April […].

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EIA expects continued high prices for diesel and home heating oils

Green Car Congress

US distillate fuel inventories average 17% below the five-year average in the forecast for 2023. Other key takeaways from the November 2022 STEO forecast include: EIA forecasts renewable energy sources will provide 24% of US electricity generation in 2023, up from an estimated 22% in 2022. “We

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EV Sales Forecasts For Europe, Tesla, & More — CleanTech Talk

CleanTechnica EVs

In part two of this interview with Rodney Hooper of RK Equity, I started off by asking about his forecasts for EV market share in Europe. of vehicle sales in Europe this year (well above his US forecast of 15% by 2025). He expects that plugin vehicles will account for 18.5% At that percentage, we’re […].

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More Tesla Sales Forecasts — And By Factory!

CleanTechnica EVs

Right after I finished and published an article on my 2021 Tesla sales forecasts, I went to Twitter to find it and retweet it. I quickly spotted a tweet from Troy Teslike showing his own forecasts (published a couple of hours before mine). So, being a big fan of his work, I thought I’d look […].

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ChargePoint (CHPT) exceeds Q2 expectations, forecasts 100% YOY Q3 growth as EVs gain momentum

Electrek

The EV charging company beat forecasts as demand for electric vehicles and supporting infrastructure accelerates. The post ChargePoint (CHPT) exceeds Q2 expectations, forecasts 100% YOY Q3 growth as EVs gain momentum appeared first on Electrek.

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Tesla Quarterly Sales Trend & 2021 Forecast

CleanTechnica EVs

To make it a little more fun, though, I’m going out on a thin limb and also creating charts forecasting quarterly Tesla deliveries for the remainder of the year. Following the release of Tesla’s 1st quarter production and delivery numbers, I wanted to take a closer look at Tesla’s long-term delivery trends.

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Lucid releases Q4 and FY 2022 earnings, posts conservative 2023 forecast

Teslarati

The post Lucid releases Q4 and FY 2022 earnings, posts conservative 2023 forecast appeared first on TESLARATI. Lucid Fourth Quarter and Full Year 2022 Financial Results by Maria Merano on Scribd The Teslarati team would appreciate hearing from you. If you have any tips, contact me at maria@teslarati.com or via Twitter @Writer_01001101.

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Five of Asia’s biggest economies are forecast to see dramatic solar growth

Electrek

The post Five of Asia’s biggest economies are forecast to see dramatic solar growth appeared first on Electrek. Five of Asia’s biggest economies are expected to see exponential growth of solar, positioning the region to become a global hub of solar power, according to independent energy think tank Ember.

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

Green Car Congress

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. to become a $563.3

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Novel Approaches for Forecasting Electricity Demand

Cars That Think

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.

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

Green Car Congress

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. A stronger economic response in 2021-2023 pushes global growth above 3% annually.

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

Green Car Congress

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. million barrels per day this year and 12.8

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Why US community solar is forecast to more than double by 2027

Electrek

The post Why US community solar is forecast to more than double by 2027 appeared first on Electrek. There are currently 4.9

Solar 116
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Auto business forecasting is out of the blue actually robust

Baua Electric

The post Auto business forecasting is out of the blue actually robust appeared first on Bauaelectric Auto News. “Loads of Tier 2, Tier 3, smaller suppliers have thrown contracts out the window and mentioned, ‘That is what you have to pay otherwise you will not get the elements,’?” ” Read more.

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

Teslarati

Earlier today, GLJ Research released its Q3 2021 delivery forecast at 223,000 vehicles, which is slightly above consensus estimates. For example, Piper Sandler and RBC Capital Markets raised their forecasts for Q3 to about 233,000 vehicles, insinuating an over 14% growth in deliveries for the electric automaker compared to Q2.

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