## Juniper: Mobility-as-a-Service spend to exceed 350% globally over next 5 years

##### 07 December 2022

A new study from Juniper Research found that MaaS (Mobility‑as‑a‑Service) will generate revenue of $92 billion globally by 2027; up from$20 billion in 2022. Growing by 357% over the period, the main drivers will be the cost and convenience of MaaS solutions and the increased investment into MaaS infrastructure.... Read more →

As demand for electric vehicles (EVs) soars, spurred by government incentives and a push to decarbonize the transportation sector, the global battery industry is set to attract significant attention and investment. Rystad Energy forecasts total EV sales this year will reach nearly 10 million units, a 43% jump from 2021... Read more →

## EIA expects continued high prices for diesel and home heating oils

##### 04 October 2022

A new study from Juniper Research has found MaaS (Mobility as a Service) will generate fuel cost savings of $10.8 billion by 2027 globally, increasing from$2.8 billion in 2022—a growth of 282%. The research anticipates these savings will be achieved by MaaS’ ability to reduce congestion by displacing private... Read more →

A new study from Juniper Research forecasts that the volume of electric vehicle battery pack shipments will reach 30 million in 2027 up from 10 million in 2022. The research identified falling vehicle costs, often directly caused by government subsidies, and increasing awareness around the environmental impact of current mobility... Read more →

As of May 2022, surplus crude oil production capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude Oil Production Capacity. In 2021, 1.4 million barrels per day (b/d) of surplus production capacity was available in non-OPEC... Read more →

## J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat

##### 25 June 2022

New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted for selling... Read more →

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. Juniper Research defines hydrogen vehicles... Read more →

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

##### 18 June 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, surpassing pre-pandemic levels. While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2022 to... Read more →

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. According to EIA’s June 2022 Short-Term Energy Outlook (STEO), petroleum production in the combined non-OPEC countries, excluding the Unites States... Read more →

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. The EIA’s Short-Term Energy Outlook (STEO) forecasts that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per... Read more → ## Benchmark Mineral Intelligence: Lithium oversupply not likely ##### 11 June 2022 In response to a Goldman Sachs research note which suggested that the lithium market will pivot to a prolonged phase of surplus this year, Benchmark Mineral Intelligence took the unusual step (for the analytics firm) of outlining the reasons why it believes that call on lithium is incorrect. The industry... Read more → The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). Certain segments, such as buses and two- and three-wheelers are close to being... Read more → ## Study finds future-fuel demand for shipping industry equal to entire current global production of renewables ##### 20 May 2022 Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Investment in green infrastructure key, as shipping will carry more than half of the world’s net-zero fuels by 2050, report estimates. Particular opportunity for the Global South... Read more → ## EIA expects increased US crude oil production, with continued high petroleum prices in 2022 ##### 11 May 2022 The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day this year and 12.8 million barrels per day in 2023, which would surpass the record average production of 12.3 million barrels per day set in 2019. Despite the increases in production,... Read more → ## Adamas Intelligence forecasts global demand for NdFeB magnets to increase at CAGR of 8.6% through 2035; shortages of alloys, powders, REE expected ##### 20 April 2022 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... Read more → The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average$3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. After adjusting for inflation, this summer’s forecast national average price would mark the highest retail gasoline and diesel prices since 2014.... Read more → ## S&P Global report forecasts absolute emissions from Canadian oil sands to decline even as production grows ##### 06 April 2022 By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. Entitled The Trajectory of... Read more → ## Benchmark Gigafactories Europe paints grim raw material supply picture; “Auto OEMs will need to become miners” ##### 02 April 2022 Benchmark Mineral Intelligence held its inaugural Battery Megafactories Europe 2022 event in Berlin; the event zeroed in on a number of pertinent points for the continent’s EV and battery supply chain. Key takeaways from the Berlin event include: Raw materials enter the realm of impossible Even in the most optimistic... Read more → In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. EIA projects that renewable diesel supply will increase to 130,000 barrels... Read more → The US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2022 (AEO2022) Reference case forecasts that US energy consumption will grow through 2050, primarily driven by population and economic growth. In this case—which reflects only current laws and regulations—renewable energy is the fastest-growing energy source through 2050, while petroleum remains the... Read more → A new study from Juniper Research forecasts that spend on EV charging at home will exceed$16 billion globally in 2026; up from $3.4 billion in 2021. This rapid growth in excess of 390% over the next 5 years is being driven by the lower cost and convenience of home... Read more → In 2021, global investment in the low-carbon energy transition totaled$755 billion, up 27% from $595 billion in 2020 and just$264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). This figure includes investment in projects—such as renewables, storage,... Read more →

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 quadrillion British thermal units. Based on forecasts in its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects US fossil fuel production... Read more →

## GlobalData: China to rule EV landscape in 2022

##### 17 January 2022

In its latest report, Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research, data and analytics company GlobalData predicts that Tesla and China are set to maintain their dominance in the EV sector. GlobalData also suggests that the lithium shortage will not affect all players equally. In the short... Read more →

## EIA forecasts crude oil prices will decline through 2023

##### 13 January 2022

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices. Crude oil production remained restrained as a result of curtailments by OPEC+ members, investment... Read more →

## EIA expects annual US crude oil production to surpass pre-pandemic levels in 2023

##### 12 January 2022

The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. In its January Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production will increase for nine consecutive... Read more →

The rapid growth of the hybrid and electric vehicle segment could potentially cause demand for electrical steel to outpace supply from 2025, according to a new report by a team of analysts from the Automotive Supply Chain and Technology team at IHS Markit. This potential shortage could severely affect OEMs’... Read more →

A new report from Juniper Research has found that the automotive sensors market will grow to more than $92 billion by 2026—a 30% increase over 2021. This growth will be driven by sensors that enable automated vehicles and ADAS (Advanced Driver Assistance Systems). Sensors monitoring various vehicle safety parameters in... Read more → ## Juniper: global EV charging sessions to exceed 1.5B by 2026, up from 200M this year ##### 23 November 2021 A new study from Juniper Research has found that the global volume of EV charging sessions, where an EVs battery is charged using a charging point, will exceed 1.5 billion per year in 2026, from just 200 million in 2021. This remarkable growth rate of more than 665% over the... Read more → Passenger electric vehicle sales are set to jump more than 80% in 2021 to 5.6 million units, up from 3.1 million in 2020 (and 2.1 million in 2019), according to the Zero-Emission Vehicles Factbook, a special report published today by BloombergNEF (BNEF), at the request of the UK COP26 Presidency... Read more → The decarbonization of EU road transportation will increasingly impact the demand for fossil and biofuel, especially after 2030. The long-term outlook for biofuels, beyond 2045, does not look promising, as the expected decline in demand is likely to encourage biofuel companies to look for alternative uses for their products, according... Read more → The International Council on Clean Transportation (ICCT) has released a report it commissioned from Sonoma Technology, Inc. (STI) that estimates the cumulative avoided nitrogen oxides (NOx), fine particulate matter (PM2.5) and well-to-wheel carbon dioxide equivalent (WTW CO2e) emission reductions beginning in 2025 if 12 states plus the District of Columbia... Read more → In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021, released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 billion vehicles in 2020 to 2.21 billion vehicles by 2050. EIA projected that electric vehicles (EVs)—any LDV with a charging plug—will... Read more → IDTechEx’s analysis in their new report, “Fuel Cell Electric Vehicles 2022-2042”, forecasts the market value of on-road fuel cell vehicles will grow to$160 billion in 2042 at a CAGR of 23.9% over the 20-year forecast period. The effort to decarbonize on-road vehicles is undoubtedly being led by BEVs; however... Read more →

The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. The Front-Loading Net Zero report states that electricity production costs could be reduced by up to... Read more →

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases... Read more →

## IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

##### 14 September 2021

For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. However, other more drastic scenarios for falling demand remain unlikely under present conditions. The findings are part of a new analysis by the Refining and... Read more →