Remove Forecast Remove Gas-Electric Remove Renewable
article thumbnail

Europe Accelerates EV Adoption with Policy Updates

Driivz

The transition to electric vehicles (EVs) continues to unfold globally. Europe has led the transition overall, with its policies, infrastructure, and incentives further supporting an electric future. In London, recent amendments to the city’s congestion pricing structure have provided a discount for drivers of electric vehicles.

Europe 52
article thumbnail

Monthly Market Update: BEV value retention troubles continue

Baua Electric

This poor value performance is the result of compounded market effects on all-electric cars. New brands are also entering Europe , offering advanced all-electric vehicles with lower price tags. In 2025, %RVs are forecast to decrease, down 2.6% The Italian government decided not to renew EV incentives for 2025.

Market 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
article thumbnail

IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

Green Car Congress

IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.

Wind 306
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. To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050.

Cleaning 429
article thumbnail

Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.

Renewable 399
article thumbnail

DNV forecasts oil demand in transport sector to halve by 2050

Green Car Congress

Electricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report.

Oil 335