IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries. A new IDTechEx... Read more → Adamas Intelligence predicts that in 2023, a booming 762.9 GWh of battery capacity will be deployed onto roads in newly passenger EVs globally (+/- 12%). Additionally, Adamas projects that 19.7 million passenger EVs (HEVs, PHEVs, BEVs) will be sold globally (+/- 10%) in 2023, translating to a sales-weighted average pack... Read more → In 2022, Adamas Intelligence calculated that$3.8 billion worth of magnet rare earth oxides—i.e., NdPr, Dy and Tb oxides—were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. The total value of rare earth oxides consumed for the energy transition each year quadrupled... Read more →

US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). EIA estimates US renewable diesel production capacity was... Read more →

In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. The downside of oil cooling is the addition of extra components and typically, the water-glycol circuit still exists to remove the... Read more →

In its January 2023 Short-Term Energy Outlook, the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 million barrels per day (b/d) in 2023 and 12.8 million b/d in 2024, surpassing the previous record of 12.3 million b/d set in 2019. In... Read more →

## EIA expects record global petroleum consumption in 2024, with lower crude oil prices

##### 11 January 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. According to EIA’s January Short-Term Energy Outlook (STEO), global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for... Read more →

## Juniper Research: Connected vehicles to surpass 367M globally by 2027, up from 192M in 2023; role of operators

##### 10 January 2023

A new Juniper Research study forecasts that the number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023. This growth of 91% will be driven by the advancement of both ADAS (Advanced Driver Assistance Systems) and increasing the capabilities of in-vehicle infotainment... Read more →

A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year (GWh/year) in 2021 to 998 GWh/year by 2030, according to the US Department of Energy (DOE). Most of the announced battery plant projects are scheduled to begin production between... Read more →

## Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost

##### 29 October 2022

Indonesia is both the world’s largest nickel producer and the country with the biggest nickel reserves. (Most of Indonesia’s nickel output is currently Class 2 nickel, a low-purity type used for stainless steel. The country’s government and the mining sector are determined to transform its nickel industry to meet the... Read more →

## Benchmark: lithium has to scale twenty times by 2050; generational challenge for automakers

##### 15 October 2022

The world will need more than twenty times the amount of lithium than was mined last year to meet demand by mid-century, driven by growth in energy storage and electric vehicles, according to new analysis from Benchmark Mineral Intelligence. Annual production of 11.2 million tonnes LCE will be needed by... Read more →

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021. BNEF’s 2H... 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 →

##### 14 December 2021

A new study by Juniper Research forecasts that ride-sharing spending by consumers globally will exceed $937 billion by 2026, comparable to 50 times the combined annual revenue of Transport for London, New York City’s MTA, and the Beijing Metro in 2021. This spend represents an increase from$147 billion in... Read more →

## CLEPA study: EV-only approach would lead to the loss of half a million supplier jobs in the EU

##### 07 December 2021

CLEPA, the European Association of Automotive Suppliers, commissioned PwC Strategy& to assess the impact of three different Green Deal policy scenarios on employment and value-add among automotive suppliers across Europe in the period of 2020-2040. The scenarios represent a mixed technology approach; the current EV-only approach proposed in the Fit... Read more →