Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to $156/kWh in 2019. By 2023, average prices will be close to $100/kWh, according to the latest forecast from research company BloombergNEF (BNEF). Cost reductions in 2019 are thanks to increasing order size; growth... Read more →


“Insights into Future Mobility,” a multidisciplinary report released by the MIT Energy Initiative (MITEI), explores how individual travel decisions will be shaped by complex interactions between technologies, markets, business models, government policies, and consumer preferences—and the potential consequences as personal mobility undergoes tremendous changes in the years ahead. The report... Read more →


Adamas: EV sales to hit 12.5M in 2025; 350% increase in demand for rare earths used in traction motors

A new report from Adamas Intelligence, “Electric Growth: EVs, Motors and Motor Materials”, forecasts that global annual EV sales (excluding mild and micro hybrids) will increase from 4.3 million units last year to 12.5 million in 2025 and 32.0 million in 2030. With upwards of 80% of all EVs projected... Read more →


In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in... Read more →


Navigant expects global share of electric buses to grow to nearly 33% by 2030

Navigant Research forecasts that e-buses will make up nearly one-third of all buses on the road worldwide by 2030. The global medium- and heavy-duty bus market has been dominated by internal combustion engine vehicles. However, Navigant says, the adoption of electric buses (e-buses) will continue to rise as battery prices... Read more →


Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh combined... Read more →


UN: world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100

The world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050, according to a new United Nations report. The study concluded that the world’s population could reach its peak around the end of the current century,... Read more →


Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly four million barrels per day (mbd) by 2030—nearly one million more than today, according to a new 10-year production forecast by business information... Read more →


Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “Low-Speed Electric Vehicles: An Underappreciated Threat to Gasoline Demand in... Read more →


IHS Markit: more than 11.2M Vehicles will be equipped with V2X in 2024

More than 11.2 million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12% of the light vehicle fleet, based on new research and forecasts from business information provider IHS Markit). IHS Markit expects that production of light vehicles equipped with V2X... Read more →


BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Compared to other major organizations, BloombergNEF continues to... Read more →


Electronic control units (ECUs) are playing an increasingly critical role in the automotive industry, driving the development of safer, smarter, cleaner and better-connected cars. As a result, IHS Markit expects global automotive ECU revenue to soar to $211 billion in 2030, rising at a compound annual growth rate (CAGR) of... Read more →


The global battery energy storage market will to grow to $13.13 billion by 2023, according to a new forecast by GlobalData. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The company’s latest report “Battery Energy Storage Market, Update 2019... Read more →


Study finds marine workboat engines staying in service two times longer than estimated by EPA; emissions reduction implications

Commercial workboat engines are staying in service more than two times longer than predicted by the US Environmental Protection Agency (EPA), according to new research from the Diesel Technology Forum (DTF) and Environmental Defense Fund (EDF). This finding reveals important opportunities for clean air improvements, especially in large port cities... Read more →


Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research. In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the... Read more →


Although Germany, the UK, US, Canada and Ukraine are phasing out domestic coal production capacity, expansion of production capacity in countries such as India and Indonesia is predicted to generate modest annual growth of 1.3% in coal production over the next four years, with output reaching 7.6 billion tonnes in... Read more →


The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 million units for 2019. CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 million units in 2021. CAR projects sales to rebound to 16.8 million units by... Read more →


Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

by Nick Cunningham of Oilprice.com. By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual... Read more →


Study: blockchain in the automotive industry shows revenue potential of $120B in 2030

Blockchain is establishing its presence in the automotive sector; the technology shows revenue potential of $120 billion in 2030, according to a recent study by global strategy and marketing consultancy Simon-Kucher & Partners. Car owners and other road users are already interested in the many ways in which this technology... Read more →


In a new white paper, the International Council on Clean Transportation (ICCT) has quantified the gap in charging infrastructure across the 100 most populous US metropolitan areas in the US to power more than 3 million expected electric vehicles by 2025. Broadly, the team found that of the 100 areas,... Read more →


EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix. For the Transportation sector, EIA projects that energy consumption will decline between 2019 and 2037 (in the Reference case) because... Read more →


BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

BloombergNEF (BNEF) expects 2.6 million electric vehicles to be sold globally in 2019. This will represent around a 40% growth rate, down from the 70% growth rate in 2018. BNEF said that it expects China will continue to lead, with some 1.5 million units—around 57% of the global market. China’s... Read more →


ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. The lithium market continues to grow; in 2015, the market grew by... Read more →


The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative... Read more →


Greenhouse gas (GHG) emissions across the European Union rose slightly in 2017, mostly because of the transport sector. Preliminary estimates published in the European Environment Agency’s (EEA) annual trends and projections assessments show a 0.6% emissions increase in 2017 from 2016. This limited increase means that the EU is still... Read more →


Juniper Research: mobility-as-a-service revenues to exceed $11B by 2023, as regulation drives adoption

A new study from Juniper Research forecasts that revenues generated by the use of MaaS (Mobility-as-a-Service) platforms, which integrate multi-modal transport services (including buses, taxis, rail and metro), will exceed $11 billion by 2023. This is up from an estimated $100 million in 2018 and reflects an average annual growth... Read more →


Petrochemicals—components derived from oil and gas that are used in all sorts of daily products such as plastics, fertilizers, packaging, clothing, digital devices, medical equipment, detergents and tires—are becoming the largest drivers of global oil demand, in front of cars, planes and trucks, according to a major study by the... Read more →


Data and analytics company GlobalData forecasts that the demand for lithium needed for the production of lithium-ion batteries for use in EVs will more than double from 26.7kt in 2018 to 58.3kt in 2022. According to GlobalData, the global EV market is expected to grow at a substantial CAGR of... Read more →


Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards, according to DNV GL’s Energy Transition Outlook. The historically significant change in energy needs is largely down to rapid electrification and its inherent efficiency. The decarbonization... Read more →


A new study from Juniper Research has found that adoption of MaaS (Mobility-as-a-Service) platforms will replace more than 2.3 billion urban private car journeys annually by 2023, compared with just 17.6 million globally in 2018. This is equivalent to 18 times the number of taxi journeys across New York in... Read more →


New analysis by IHS Markit suggests that automakers failing to meet 2021 fleet CO2 emissions compliance for passenger vehicles sold in the European Union (EU) could be fined more than €14 billion (US$16 billion) in 2021. Legislators in the European Union (EU) are imposing a new passenger car fleet CO2... Read more →


The California Air Resources Board has released the 2018 issue of its Annual Evaluation of Fuel Cell Electric Vehicle Deployment and Hydrogen Fuel Station Network Development, pursuant to the requirements of AB 8 (2013). This report is the fifth annual publication. The report describes “a significant shift in momentum” in... Read more →


A new report by the progressive policy institute Center for American Progress estimates that the US needs to add 14 million new PEVs and more than 330,000 new public charging outlets by the end of 2025 in order to meet its Paris Agreement targets. The report, which focuses specifically on... Read more →


Considering electrification, autonomy and sharing (the “Three Revolutions”), a team from Boston University and the University of California, Berkeley projects that electricity use from light duty vehicle (LDV) transport will likely be in the 570–1140 TWh range—13–26%—respectively, of total electricity demand in 2050. Their open-access study appears in the journal Energy... Read more →


Roskill: refined lithium supply expected to treble to 900kt by 2027, driven by use in batteries

Growth in the consumption of lithium accelerated in 2017 by more than 10% on 2016 levels to reach 211,000t lithium carbonate equivalent (LCE), according to a new report by Roskill. The lithium-ion battery industry has been, and will continue to be, the main catalyst for growth; it accounted for close... Read more →


Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Wind and solar power generation will surge to almost 50% of world generation by 2050 (“50 by 50”), supported by precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply, according to... Read more →


How many vehicles can the earth sustain?

by Michael Sivak. ​One of the hallmarks of the good life in developed countries is the freedom to move about as we choose in personal vehicles. However, as populous developing countries are gaining in economic power, people in those countries are asking for the same mobility that people in developed... Read more →


The growing demand for ride-sharing services worldwide is spawning a new category of vehicles with a flexible interior that can be individually tailored to the needs of their users. In a new report, consultancy Roland Berger forecasts that one million of these specially designed vehicles, many of them electric, are... Read more →


A team from Argonne and Oak Ridge National Laboratories in the US and the Fraunhofer Institute for Systems and Innovation Research ISI and German Aerospace Center in Germany has reviewed and compared 40 market diffusion models for plug-in vehicles to find similarities or differences and make recommendations for future improvements... Read more →


The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. The latest long-term... Read more →


Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services. Despite some fallback during the winter months, prices remained above US$15,600/t through February and March 2018. Spot prices were... Read more →


NOx emissions have not been decreasing as expected in recent years (2011–2015) when comparing top-down estimates from satellites and surface NO2 measurements to the trends predicted from the US Environmental Protection Agency’s emission inventory data, according to a new study by an international team of researchers. In an open-access paper... Read more →


Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Five-year rolling aggregate global... Read more →


Lithium and cobalt are fundamental components of present lithium-ion batteries. Analysis by researchers at the Helmholtz Institute Ulm (HIU) of the Karlsruhe Institute of Technology (KIT) suggests that, given the foreseen scaling of battery demand up to 2050, each may face supply risks, albeit for different reasons. The researchers present... Read more →


BP outlook: Energy demand grows as fuel mix continues to diversify; EVs in global car parc at 15% by 2040, but electric share of VMT at 30%

The 2018 edition of BP’s Energy Outlook considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios. Its evolving transition scenario, which assumes that government... Read more →


In its new ten-year market outlook to 2027, Roskill, a leading provider of international metals and minerals research, forecasts primary nickel consumption to rise by just under 4% per year between 2017 and 2027, driven by increased consumption by stainless steel producers and by growth in demand in the automotive... Read more →


ExxonMobil’s newly released Outlook for Energy: A View to 2040 anticipates that global energy needs will rise about 25% over the period to 2040, led by non-OECD countries. While the mix shifts toward lower-carbon-intensive fuels, the world will need to pursue all economic energy sources, the report says. The Outlook... Read more →


Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

A newly released analysis produced by Beacon Economics for the nonprofit, nonpartisan think-tank Next 10 has found that California’s zero-emission vehicle (ZEV) market is on track to meet or exceed a target of 1.5 million ZEVs on California’s roads by 2025. The 1.5-million target, set by California Governor Brown in... Read more →


Five trends are transforming the automotive industry, according to PWC: electrification, autonomy, sharing, connecting and yearly updating, a combination the consultancy is now labeling “eascy”. In a report exploring the impact on the trends on the industry in 2030—“eascy – The five dimensions of automotive transformation”—PwC suggests that as a... Read more →


EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

In its latest edition of the Short-Term Energy Outlook, the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest annual average production in US history, surpassing the previous record of 9.6 million b/d set in 1970. EIA also forecasts that... Read more →