article thumbnail

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.

article thumbnail

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.

Hydrogen 474
article thumbnail

Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

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.

Hydrogen 429
article thumbnail

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.

Batteries 483
article thumbnail

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.

article thumbnail

DNV forecasts oil demand in transport sector to halve by 2050

Green Car Congress

Despite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement. Opportunities to accelerate change through pilot projects and uptake of alternative energy need to be seized as soon as possible.

article thumbnail

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.

Global 243