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BYD overtakes Tesla as China’s EV giants dominate global sales

Electrek

The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. China now accounts for over 11 million EVs sold annually – over half of global EV sales. ” India’s Tata Motors also hit a turning point.

BYD 141
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Lux predicts energy storage market will hit $546B by 2035

Green Car Congress

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Residential storage has a CAGR of 76% and $8 billion revenue increase over the next three years, followed by personal mobility with a CAGR of $49% and $4.6 billion revenue increase.

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CapGemini: 87% of global consumers prefer personal vehicle to ensure safe travel, up from 57% in April 2020

Green Car Congress

Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection.

Personal 265
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Ricardo to use transport location data to improve air quality in global cities

Green Car Congress

Ricardo will also develop a simulation approach to offer an evaluation on future mobility systems: from electrified or zero-emission buses on prescribed routes through to single-person autonomous electric vehicles. These will provide transport authorities with recommendations to reduce emissions and improve air quality.

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Study forecasts even with modest warming, global energy demand to increase by mid-century

Green Car Congress

A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.

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Tesla stock trading at a ‘fraction’ of its market potential: CFRA Research

Teslarati

CFRA Research analyst Garrett Nelson claims that Tesla (NASDAQ:TSLA) stock is trading at a fraction of its market potential. He argued that Tesla owners would be against including a personal vehicle in a publicly-used fleet. Nelson believes Tesla’s robotaxi business will drive the stock to higher heights.

Market 126
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LG Innotek develops digital car key module with improved location detection precision and security

Green Car Congress

Users can “lend” the digital key to another person or allow only specific functions, such as opening or closing the trunk, using a smartphone app. In addition, it can provide a driver with personalized driving environment. at a glance as well as control the vehicle. million units in 2020 to 28.9 million units in 2025.

Cars 397