[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]
Frost & Sullivan projects Volkswagen Group to be the leader in 48V systems over next 10 years
June 15, 2015
In a new report on the prospects for 48V automotive systems (earlier post), consultancy Frost & Sullivan forecasts that the Volkswagen Group will lead in this area primarily because of Audi’s 48V offering (earlier post). The consultancy projects that by 2025, Volkswagen Group will have 48V volumes in excess of 1 million systems in North America and Europe combined, far exceeding its competition.
The report, “The 48V Power-net Market in Europe and North America”, projects that by 2017, Audi and PSA will be the front-runners in Europe, while in North America, the major push is expected by the German OEMs.
Lux: China’s advanced energy storage market to quadruple to $8.7B in 2025; 85% share by transport
June 11, 2015
Driven by environmental problems, a growing auto industry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion in 2025, more than quadrupling from the current $1.7 billion, according to a new report from Lux Research called “Clearing the Haze: Demystifying Energy Storage Opportunities in China”.
Transport applications will dominate with $7.4 billion, or 85% share of the revenues. Stationary applications will earn $1.3 billion. Overall, revenues will grow slower than volumes on account of continually falling battery and systems prices.
Navigant forecasts annual plug-in electric vehicle sales in N America to exceed 1.1M by 2024
May 27, 2015
In a new report, Navigant Research forecasts that North American plug-in electric vehicle (PEV) sales will exceed 1.1 million annually by 2024. 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.
To date, North America is the strongest market for light duty (LD) plug-in electric vehicles (PEVs), with more than 133,000 sold in 2014. Navigant forecasts the US will continue to be the largest market throughout the forecast period, with annual PEV sales in 2024 exceeding 860,000 in the conservative scenario and 1.2 million in the aggressive. Navigant Research estimates this market will grow at a compound annual growth rate (CAGR) of between 14.7% and 18.6% between 2015 and 2024.
ITF report finds self-driving shared vehicles could take up to 90% of cars off city streets; total kilometers travelled increases
April 30, 2015
A fleet of self-driving shared cars combined with high-capacity public transport could make 90% of conventional cars in mid-sized cities superfluous under certain circumstances, according to a study published by the International Transport Forum (ITF) at the OECD. Even during peak hours, only about one-third (35%) of the current number of cars would be needed to provide the same number of trips as today.
However, while the number of cars is drastically lower, total vehicle kilometers travelled (VKT) increase—more than doubling in one scenario at peak periods due to detours for pick-ups/drop-offs, repositioning and a shift from bus trips to shared cars. The additional travel could increase environmental impacts, if the fleets used conventional engines. If a fleet of electric vehicles were used instead, a fleet of shared self-driving vehicles would need only 2% more vehicles, however, to accommodate battery re-charging times and reduced travel range.
Systematic review of EV battery pack costs suggests economies of scale may push cost toward US$200/kWh without further cell chemistry improvements
April 20, 2015
Industry-wide cost estimates for battery packs for electric vehicles have declined by approximately 14% annually between 2007 and 2014, from above US$1,000 per kWh to around US$410/kWh, according to a systematic review of more than 80 different estimates by a team from the Stockholm Environment Institute. Further, they reported in their paper published in Nature Climate Change, the cost of battery packs used by market-leading BEV manufacturers are even lower at US$300/kWh, and has declined by 8% annually.
The results further suggest that it is possible that economies of scale will continue to push cost towards US$200/kWh in the near future even without further cell chemistry improvements. Their study, said Björn Nykvist and Måns Nilsson, has significant implications for the assumptions used when modeling future energy and transport systems and permits an optimistic outlook for BEVs contributing to low-carbon transport.
EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops
April 14, 2015
The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand.
AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. US net energy imports decline and ultimately end in most AEO2015 cases, driven by growth in US energy production—led by crude oil and natural gas—increased use of renewables, and only modest growth in demand.
Lux forecasts global driver assist market to grow to $102B market by 2030
April 13, 2015
In a new research report, “The $102 Billion Opportunity in Partial Automation for Cars”, Lux Research calculates that the revenue opportunity from advanced driver assistance systems (ADAS) features will grow from $2.4 billion today to $102 billion in 2030, corresponding to a 26% CAGR. The new estimates for the total opportunity exceed those of previous Lux Research reports due to a combination of stronger-than-expected automotive sales in 2014 and a more granular approach to the sensors and technologies that enable ADAS features.
Although “the hype around autonomous vehicles often reaches levels that defy logic,” Lux tartly notes, the foundational technologies that are being progressively deployed as part of that technology roadmap can be rationally analyzed for opportunity.
Navigant forecasts global sales of light-duty stop-start vehicles to grow from 19M in 2015 to 59 million by 2024
April 08, 2015
In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales. The same year, Navigant expects 82% of vehicles in Western Europe to have a stop-start feature, along with nearly 69% of vehicles sold in Asia Pacific.
In North America, nearly 37% of new light duty vehicles sold in North America are expected to have the feature by 2020, with the rate expected to hit 46% by 2024 and grow steadily.
Lux Research: the $40,000, 200-mile-range EV is the biggest coming growth opportunity for energy storage in transportation
March 02, 2015
Analysis by Lux Research suggests that the market space represented by the emerging lower-cost, 200-mile-range EV will be the biggest coming growth opportunity in electric storage for transportation. By 2020, this new EV battleground should account for $5 billion or more in Li-ion battery sales, because it combines larger packs (around 50 kWh) with more sales (hundreds of thousands of vehicles).
According to Lux Research’s Automotive Battery Tracker, in 2014 EVs used $2.1-billion worth of energy storage. While selling in similar volumes, plug-in hybrids (PHEVs) used three times less batteries: about $0.7 billion worth. Despite selling about 1.5 million units in 2014, an order of magnitude more than the 140,000 EVs that consumers bought in 2014, HEVs also used just $0.7-billion worth of energy storage in 2014.
Study: fully self-driving cars could result in fewer cars, but more miles driven per car
February 13, 2015
Autonomous vehicles (completely self-driving, level 4) may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven per vehicle, according to a new analysis by researchers at the University of Michigan Transportation Research Institute.
UMTRI researchers Brandon Schoettle and Michael Sivak examined the 2009 National Household Travel Survey (NHTS) data set, which contains detailed information about each trip made by a person within a selected household, including the exact start and stop times of each trip. They found a general lack of “trip overlap” between drivers within a majority of households based on vehicle sharing. In other words, families rarely use more than one vehicle at a time.
Bosch CEO: 15% of new cars by 2025 to be at least a hybrid; batteries to deliver 2x energy density for 1/2 current cost by 2020
February 04, 2015
Speaking at the 15th CAR Symposium in Bochum, Germany, Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, said that that Bosch expects roughly 15% of all new cars built worldwide to have at least a hybrid powertrain by 2025. Denner, whose responsibilities on the board of management include research and advanced development, believes that by 2020 batteries will deliver twice as much energy density for half the present cost.
The EU has set strict fleet CO2 targets for 2021. For this reason alone, Bosch expects hybrid powertrains to become the standard for SUVs. This will give diesel and gasoline engines an extra boost.
IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth
February 03, 2015
IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 million, an increase of 2.4% over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year.
China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. The North American market will continue its upswing, though the pace differs by country. The size of the contraction of the Russian car market remains a significant wild card that will impact the European market throughout the year, according to the analysis, while other countries in the region continue to recover at a rate of 2.5 to 3%, helped by the European Central Bank’s (ECB) commitment to full-blown Quantitative Easing (QE).
Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit
February 02, 2015
The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. However, an analysis by Lux Research suggests that despite some decrease in sales, sales of plug-in vehicles will likely be resilient, and rebound as oil prices rise back to the prior higher levels over time.
In the likely case of only a gradual return to previous higher prices—which Lux calls the “cheap oil” scenario in its analysis—then electric vehicle (EV) sales will dip by 20% for a number of years, while plug-in hybrid (PHEV) sales will dip by about 14% during that same period, the research firm found. The forecast declines are relative to the other forecasted scenario, in which oil prices rebound much more quickly—the “stable oil” scenario.
ITF: Freight transport will replace passenger traffic as main CO2 source from surface transportation by 2050
January 29, 2015
In the face of shifting global trade patterns, international freight transport volumes will likely grow more than four-fold (factor 4.3) by 2050, according to the International Transport Forum at the OECD’s ITF Transport Outlook 2015. Average transport distance across all modes will increase 12%. As a result, CO2 emissions from freight transport will grow by 290% by 2050. Freight will replace passenger traffic as main source of CO2 emissions from surface transport. The world growth of surface freight volumes and related CO2 emissions will be driven by non‐OECD economies.
Asia, including China and India, will account for more than 50% of world surface freight transport by 2050 (compared with 35% today). The growth ranges between 330% and 630% for freight volumes and between 240% and 600% for the CO2 emissions. The difference between the highest and the lowest scenario for non‐OECD economies reflects uncertainties related to the direction these economies will take in terms of composition of production and the share of different types of freight transport.
Navigant forecasts 29.3% CAGR growth for electric-drive and electric-assisted commercial vehicles to nearly 160K units in 2023
January 28, 2015
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%. Powertrain type included in the report are hybrid-electric, plug-in hybrid electric, and battery electric. Onboard energy storage can be achieved via batteries, ultracapacitors, or a combination of both.
The medium and heavy duty vehicle (MHDV) market includes all highway-capable vehicles in excess of 10,000 lbs (4,536 kg) gross vehicle weight rating (GVWR). Navigant Research defines medium duty (MD) vehicles as between 10,000 lbs and 26,000 lbs (11,793 kg) and heavy duty (HD) vehicles as greater than 26,000 lbs.
E3 study finds low-carbon gas fuels option for meeting Calif GHG reduction goals
A new study by Energy Environmental Economics (E3) consulting suggests that low-carbon gas fuels are a viable option for meeting California’s greenhouse gas (GHG) reduction goals and can simultaneously help achieve pollution emission reduction targets.Low-carbon gas fuels or “decarbonized gas” refers to gaseous fuels with a net-zero, or very low, greenhouse gas impact on the climate. These include fuels such as biogas, hydrogen and renewable synthetic gases produced with low lifecycle GHG emission approaches.
IHS: automotive semiconductor market up 10% in 2014 to $29B; hybrids, connectivity and ADAS major drivers
January 26, 2015
The automotive semiconductor market did exceptionally well in 2014, according to new analysis from IHS. Strong growth in vehicle production together with increased semiconductor content in cars resulted in 10% growth year over year to reach $29B. IHS reported that the fastest growing segments for automotive semiconductors are hybrid-electric vehicles, telematics and connectivity and advanced driver assistance systems (ADAS).
The semiconductor revenue in these applications is forecast to achieve a compound annual growth rate (CAGR 2013–2018) of 20%, 19% and 18%t respectively. The outlook for 2015 is also promising and the automotive semiconductor market is forecast to reach $31B, a strong 7.5% improvement over 2014.
IBM automotive study sees consumer co-creation, greater personalized driving, but not widespread fully autonomous driving by 2025
January 15, 2015
During the Automotive News World Congress this week, IBM released results of its new Automotive 2025 Global Study, outlining an industry ripe for disruptive changes that are breaking down borders of the automotive ecosystem. The study forecasts that while the automotive industry will offer a greater personalized driving experience by 2025, fully autonomous vehicles or fully automated driving will not be as commonplace as some think.
The IBM Automotive 2025 Global Study is based on interviews with 175 executives from automotive OEMs, suppliers, and other thought leaders in 21 countries, detailing customer expectations, growth strategies, mobility requirements, ecosystem disruption and other topics shaping the direction of the industry. Entitled “Automotive 2025: Industry without borders,” the study was developed by the IBM Institute for Business Value (IBV) as a follow up to “Automotive 2020: Clarity beyond the chaos.”
Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China
January 09, 2015
|2015 forecast share by region. Data: Scotiabank. Click to enlarge.|
In its latest Global Auto Report, Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 million units, up from an estimated 18.1 million units in 2014. Under the forecast, China will thus represent 26% of global auto sales in 2015.
Despite growing concerns about an economic slowdown in China, demand for new automobiles continues to be driven by rising vehicle ownership in tier 2 and 3 cities, especially for CUVs, which are advancing by 40% per annum, the report noted.
Navigant forecasts LD natural gas vehicles to account for 2.8% of global vehicle parc by 2024
December 31, 2014
|Cumulative light-duty NGV sales by segment. Source: Navigant. Click to enlarge.|
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 million NGVs on the world’s roads and accounting for 2.8% of all vehicles on the roads.
Overall, Navigant expects the worldwide market for LD NGVs to grow at a compound annual growth rate (CAGR) of 5.6% between 2014 and 2024, with the number of passenger car sales growing at a slightly slower rate (5.3% CAGR) than light trucks (5.6% CAGR). Asia Pacific will remain the largest market, with more than 2.0 million LD NGVs sales in 2024.
Lux Research: GaN-on-Si will dominate the GaN power electronics market for the next decade, reaching $1B by 2024
December 22, 2014
Emerging materials such as gallium nitride (GaN) and silicon carbide (SiC) look to displace silicon in power electronic applications. While silicon and SiC (SiC-on-SiC) come in only one flavor, GaN comes in many different variants, including GaN-on-Si, GaN-on-SiC, and GaN-on-GaN. In a new report, Lux Research forecasts that the total market for GaN power electronics overall will grow at 32% CAGR, reaching $1.1 billion by 2024, or more than 5% of the total market share.
Each variety of GaN has advantages and disadvantages while also being better suited to different power electronics applications. For example, Lux notes, while GaN-on-Si offers price benefits over the other GaN types, GaN-on-SiC can offer benefits of efficient high-temperature operation.
ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc
December 10, 2014
|As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Click to enlarge.|
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report.
Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. Without efficiency gains across economies worldwide, energy demand from 2010 to 2040 would be headed toward a 140% increase instead of the 35% forecast in the report.
Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023
November 05, 2014
In a new report, Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 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 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. In 2023, Navigant expects China to have 85% of the total market.
This growth in demand is expected to result in revenue for global e-bicycle sales of $13.5 billion by 2023. Under Navigant Research’s aggressive scenario, in which e-bicycle become a stronger alternative to passenger vehicles in urban environments, global e-bicycle sales could reach as many as 44.4 million units annually by 2023.
Ford projects utility vehicles to account for 29% of its global sales by end of decade
October 30, 2014
Ford projects utility vehicles will account for 29% of its global sales by the end of the decade. Ford utility vehicles—ranging from the compact EcoSport to the eight-seat Expedition—accounted for 23% of brand sales globally in 2013, up from 17% a year earlier.
Utility vehicle sales are expanding rapidly in many of the world’s fastest-growing markets according to a Ford analysis of data from IHS Automotive, which forecasts market information and competitive data on the automotive industry. Worldwide demand for utility vehicles is up 88% since 2008, making SUVs the fastest-growing segment. Utilities now account for 19% of the global automotive market, with the segment expanding at more than three times the rate of the vehicle industry overall.
Navigant Research forecasts plug-ins will be 2.4% of global new vehicle sales by 2023; luxury brands to represent about 50% of that
October 23, 2014
Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% of total worldwide light-duty vehicle sales by 2023, or about 2.5 million units. In its new report, “Global Forecasts for Light Duty Hybrid, Plug-In Hybrid, and Battery Electric Vehicle Sales and Vehicles in Use: 2014-2023”, Navigant notes that luxury brands, which have benefited in recent years from increased interest from the developing markets of Asia Pacific, have committed more strongly to plug-in EV platforms.
Accordingly, Navigant expects this luxury brand push to increase global sales of plug-in EVs significantly in the near term. Navigant expects sales of plug-in EVs from luxury manufacturers, such as Tesla, Mercedes, Audi, and BMW to grow strongly through 2018 before leveling off at around 50% of the plug-in EV market.
Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019
September 30, 2014
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. The continued growth of turbocharging technologies will be driven by requirements for manufacturers to meet global environmental emissions regulations and bolstered by strong demand in emerging markets.
Automakers are turning to downsized turbocharged engines to satisfy more stringent global fuel economy and emission regulations and customer demand for better-performing vehicles. Turbochargers can help downsized engines improve fuel economy as much as 20 to 40% in gasoline and diesel engines, respectively, when compared with larger naturally aspirated engines and still provide the same or better engine performance. In addition to improving fuel efficiency, downsized turbocharged engines also reduce harmful exhaust emissions.
EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand
September 10, 2014
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 (IEO2014), released by the US Energy Information Administration (EIA). Those two regions combined will account for 85% of the total increase in liquid fuels used worldwide over that period, said EIA Administrator Adam Sieminski.
IEO2014 projections of future liquids balances include two broad categories: crude and lease condensate and other liquid fuels. Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e., oil shale), and refinery gain.
Lux: Tesla likely to miss 2020 vehicle target by >50%; Gigafactory to bring only modest reduction in costs, >50% overcapacity
September 03, 2014
Lux Research forecasts that Tesla Motors’ Gigafactory—the announced new 35 GWh lithium-ion cell production facility that is the target of hot competition between five states (earlier post)—will bring about only a modest reduction in Li-ion battery costs and create significant overcapacity, given likely Tesla EV sales in 2020 of less than half of the company’s targeted 500,000.
Tesla and its partner, Panasonic, will contribute about 45% and 35%, respectively, of the initial $4 billion required to build the Gigafactory, proposed to go on-stream in 2017. Lux Research’s new report—“The Tesla-Panasonic Battery Gigafactory: Analysis of Li-ion Cost Trends, EV Price Reduction, and Capacity Utilization”—projects sales of some 240,000 Tesla cars in 2020, leading to razor-thin margins to Panasonic and 57% overcapacity.
Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels
July 28, 2014
In a new report (Transportation Forecast: Global Fuel Consumption), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 quadrillion Btu in 2014 to 101.7 quadrillion Btu in 2035—an increase of 25.4%. Approximately 84% of that will be provided by conventional fuels. The United States is currently the largest consumer of energy in the road transportation sector, with nearly 23.1 quadrillion Btu projected to be consumed in 2014.
Navigant also projects that investments in alternative fuel and fuel efficiency improvements will reduce annual energy consumption in the United States year-over-year. Most developed countries in Western Europe and parts of Asia Pacific will also exhibit similar decreases in energy consumption. In contrast, energy consumption will grow in developing regions, particularly in Eastern Europe, Asia Pacific, Latin America, and the Middle East & Africa. 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.
Navigant forecasts 40% of new vehicles in 2030 will have some form of autonomous driving capability; 75% by 2035
July 11, 2014
In a new research report (“Autonomous Vehicles”), Navigant Research forecasts that by 2030, about 40% of new vehicles sold will have some form of autonomous driving capability installed. The company expects this to increase to 75% by 2035.
Although the first vehicles with some self-driving capability will come to market in 2020, Navigant said, it expects it will take another 5 years before volumes become significant. By 2030—if the recent proposed changes to the Vienna Convention (which would allow autonomous vehicles with a driver control override) are approved—Western Europe will be slightly ahead on first implementation, but the much larger automotive markets in Asia Pacific and North America will eventually lead, according to the research firm.
Navigant forecasts MHD vehicle market to nearly double by 2035 with declining share of conventional engines; gases win out over electricity
July 07, 2014
The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%.
Alternative fuel vehicles (AFVs)—including battery-electric (BEVs), plug-in hybrid (PHEVs), propane autogas (PAGVs) and natural gas vehicles (NGVs)—will grow from 5.0% of the market in 2014 to 11.2% by 2035. A majority of these AFVs will be NGVs and PAGVs. Vehicles running primarily on hydrogen and electricity will make up less than 1% of all MHDVs in 2035, according to Navigant.