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

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 →


Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 billion by 2027 from $18.75 billion in 2020 at a 15.6% compound annual growth rate (CAGR). The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences... Read more →


Benchmark: growing disconnect between battery demand and raw material supply

Thee is a growing disconnect between battery demand and raw material supply that could derail Europe’s and North America’s electrification plans, according to Benchmark Mineral Intelligence. Outside of China, Europe and North America are the key regions developing significant lithium-ion cell production capacity. Europe now has 778 GWh of capacity... Read more →


Autonomous cars will match or exceed human safety by 2024, after which they will grow rapidly at a CAGR of 30% finds IDTechEx’s new report “Autonomous Cars, Robotaxis & Sensors 2022-2042”. By the 2040s, they will be capable of fulfilling the world’s mobility needs without a single collision. So why... Read more →


IHS Markit: supply chain challenges to impact global light vehicle production well into 2022

During the first half of 2021, wafer fab capacity constraints were causing the greatest disruption and getting the most attention as the “semiconductor shortage” affecting automotive production. Now that those have improved, other related constraints in getting leadframes, substrates and resins are getting attention, according to analysts at IHS Markit.... Read more →


The California Fuel Cell Partnership (CaFCP) released a new foundational document for heavy-duty class 8 fuel cell electric trucks (FCETs), “Fuel Cell Electric Trucks: A Vision for Freight Movement in California and Beyond,” that envisions 70,000 trucks supported by 200 heavy-duty truck stations by 2035. The vision emphasizes the need... Read more →


A team at the University of Münster has reviewed 53 studies that provide time- or technology-specific cost estimates for lithium-ion, solid-state, lithium–sulfur and lithium–air batteries among more than 2,000 publications related to the topic. In an effort to provide a degree of transparency to the large variance of forecasted costs... Read more →


US production capacity for renewable diesel could increase significantly through 2024, based on announced projects and those that are under construction, according to the US Energy Information Administration (EIA). Growing targets for state and federal renewable fuel programs and incentives for renewable diesel production are driving this expansion. As of... Read more →


The ICCT has conducted a comprehensive global and temporal life-cycle assessment of GHG emissions from a variety of alternative passenger car powertrains and fuels. The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential... Read more →


Juniper: mobility-as-a-service revenue to exceed $52B by 2027

A new forecast from Juniper Research concludes that the revenue generated by the use of MaaS (Mobility-as-a-Service) platforms, which integrate different transport services (including buses, taxis, rail and metro) into a single app, will exceed $52 billion by 2027, up from $405 million in 2020. The new research, Mobility-as-a-Service: Business... Read more →


As outlined in its current Short-Term Energy Outlook, the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 million barrels per day (b/d) for all of 2020, down by 8.6 million b/d from 2019. EIA expects that global liquid fuels consumption will grow... Read more →


Battery metal prices have recovered strongly in the first half of the year, incentivizing new projects to come online. China controls the battery chemical industry, with the biggest market share for all of the five main battery materials: lithium, nickel, manganese, cobalt and graphite. Diversifying the global supply chain would... Read more →


IHS Markit: Canadian oil sands production exceeds pre-pandemic levels, but lower than prior projections

Canadian oil sands production has fully recovered from last year’s “COVID-19 Shock”—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic levels. However, lingering COVID impacts, pipeline constraints and uncertainties related to an accelerating energy transition have reduced the longer-term growth projection for oil sands. The latest forecast... Read more →


A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. The car plug-in market will take the largest share... Read more →


In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI). EIA forecasts production... Read more →


EV sales are set to rise faster than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption, according to BloombergNEF’s (BNEF) latest annual Electric Vehicle Outlook (EVO). Achieving that goal will require decisive further policy action on all fronts, from accelerating electric... Read more →


Delta-EE: Europe tracking to 2.7 GW of operational hydrogen electrolyzer capacity by 2025; well short of EU target

A new study by Delta-EE, a specialist new energy research & consulting company, has found that the total announced project capacity of the rapidly growing European hydrogen electrolyzer market would take the green hydrogen sector to 2.7 GW by 2025—a nearly 50-fold increase on capacity built over the last ten... Read more →


Strategy Analytics: domain controller penetration to approach 60% by 2028, but implementation is piecemeal

Implementation of domain and zonal controller-based automotive architectures remains at an early stage, and while Strategy Analytics forecasts overall domain controller penetration will approach 60% by 2028, the Strategy Analytics Powertrain, Body, Safety & Chassis Service (PBCS) Service report “The Rise of the Domain Controller: When, where and how?” notes... Read more →


IEA report calls for no investment in new fossil fuel supply and end to sales of ICE cars by 2035

The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how energy is produced, transported and used globally, according to a new special report from the International Energy Agency (IEA). Climate pledges by... Read more →


In a new report produced at the request of Senator Chuck Schumer (D-NY) and Senator Sherrod Brown (D-OH), the Center for Transportation and the Environment (CTE) concluded that a the entire US transit fleet could transition to zero-emission vehicles (ZEVs) by 2035 at a cost of between $56.22 billion and... Read more →


A new report from IDTechEx forecasts that the shift to electric vehicles and autonomy will drive the printed electronics automotive market to $12.7 billion by 2031. The technological transitions towards electric vehicles and increased autonomy are creating extensive opportunities for many new technologies, including printed/flexible electronics. For example, the ability... Read more →


A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.... Read more →


New report finds California’s electric transportation workforce will nearly double by 2024

A new report commissioned by Advanced Energy Economy (AEE) projects that California’s electric transportation (ET)-related workforce will nearly double by 2024. With an estimated 3,900 ET-related businesses in 2019, California is already the leading state in electric transportation. The report, “Electrifying California: Economic Potential of Growing Electric Transportation,” was prepared... Read more →


Strategy Analytics’ Automotive Connected Mobility service released its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast, tracking more than 140 unique operators across 119 different countries. Although 2020 was tough for ride-hailing operators everywhere, with a decline of 18% in worldwide total revenue (gross bookings) across... Read more →


BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH2) made from renewable electricity is set to fall faster than it previously estimated. BNEF now forecasts that green hydrogen from renewables should be cheaper than natural gas (on an energy-equivalent basis) by 2050 in... Read more →


EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway... Read more →


Fitch Solutions expects nickel demand for EV battery manufacturing to experience an annual average growth rate of 29.2% over 2021-2030—outpacing demand for both lithium and cobalt. This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts. Nickel demand... Read more →


FutureBridge expects cost-parity between solid-state and Li-ion batteries by 2025

Market analysis firm FutureBridge expects that cost-parity between Li-ion and solid-state batteries could be achieved in another five years. Solid-state batteries (SSBs) promise a leap forward, compared to incremental gains from Lithium-ion batteries (LiBs), with improved safety, higher energy density, faster charging times, and longer life. However, today their commercialization... Read more →


The European Commission’s Joint Research Centre (JRC) has released a report by Roskill that analyzes the EU’s nickel requirements for EV batteries within the context of the global market over a twenty-year forecast horizon to 2040. Against this demand backdrop, Roskill critically assessed the EU’s internal supply capabilities and identified... Read more →


Roskill: Rising prices could be new norm for lithium industry

In its second quarterly update to its Lithium: Outlook to 2030, 17th Edition report, Roskill maintains the view that future refined lithium supply will remain tight, with a period of sustained supply deficit in the mid-2020s. Further additions to lithium production capacity for mined and refined lithium products will be... Read more →


In its new report Rare Earths, Outlook to 2030, Roskill forecasts that rare earth magnet applications will account for ~40% of total demand by 2030, raising the potential for a tight supply-demand balance for key magnetic rare earth elements, as well as providing the opportunity for new production capacity to... Read more →


The EU says it could be self-sufficient in EV batteries by 2025. However, despite Europe’s fast-expanding capacity of Li-ion battery production, its cathode materials production capacity is struggling to keep up. Roskill’s analysis suggests that by 2025, Europe will still have to import 56% of the cathode materials used for... Read more →


ABI: 2021 will be the year EVs begin entry into the automotive mainstream

2021 will kickstart a decade of growing Electric Vehicle (EV) adoption, which will see EV sales move from a rounding error of total new vehicle shipments to more than a quarter of new vehicles shipping in 2030, according to global tech market advisory firm ABI Research. In its new whitepaper,... Read more →


Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it... Read more →


In a new report—“Full Hybrid Electric Vehicle Markets 2021-2041”—IDTechEx forecasts that market value for hybrid electric vehicles will peak at $792 billion in 2027. Hybrid electric vehicles (HEVs) have seen significant growth in sales over recent years, and the HEV market is set to increase in 2020 despite the implications... Read more →


IHS Markit: annual investments in green hydrogen production to exceed $1 billion by 2023

IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The elevated investment outlook is attributed to falling costs and policy support from governments looking to shift towards low-carbon economies. Operating capacity for splitting water into hydrogen and oxygen through... Read more →


Despite the trend toward transportation electrification, the lithium industry has had a rough few years. In its new Lithium Outlook to 2030 report, Roskill notes that the prolonged downward trend for lithium compound and mineral concentrate prices has caused a difficult environment for many lithium producers since 2018. In 2019,... Read more →


A new report from Lux Research, Electric Vehicle Lightweighting 2030, analyzes the future of vehicle lightweighting and necessary BEV success factors over the next decade. Lightweighting has been a key tool for improving the fuel economy of internal combustion engine (ICE) vehicles over the past years. However, the transition from... Read more →


Global automotive semiconductor revenue for 2020 will exceed initial expectations, primarily due to an increase in the average semiconductor value per car sold this year, according to a new forecast by IHS Markit. IHS Markit now expects semiconductor revenue to contract in 2020 by -9.6% to just over $38 billion,... Read more →


Yergin: overwhelming number of new car sales will be EVs in coming decades, but 2/3 of global fleet to remain gasoline-powered in 2050

Electric vehicles will make up as many as 8 out of 10 new cars sold in 2050, but it will still be a long road before they dislodge gasoline as the predominant fuel in transportation, IHS Markit Vice Chairman Daniel Yergin writes in his new book, The New Map: Energy,... Read more →


A new study by a team from San Jose State University and Stanford University has found that—even under heightened damage estimates—the additional mitigation costs of limiting global warming to 1.5 °C (relative to 2.0 °C) are higher than the additional avoided damages this century under most parameter combinations considered. An... Read more →


With demand for lithium set to increase over the next decade, Roskill has calculated, using its in-house analysis, that CO2 emissions from lithium production are set to triple by 2025 versus current levels and to grow by a factor of six by 2030, with the vast majority of this coming... Read more →


Crop switching and relocation of crop production to different states could prevent up to half of predicted losses in agricultural profits from climate change impacts according to new research conducted by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science... Read more →


A new study by researchers at the University of Toronto has found that current US policies are insufficient to remain within a sectoral CO2 emission budget for light-duty vehicles that is consistent with preventing more than 2 °C global warming. Current policies will create a mitigation gap of up to 19 GtCO2... Read more →


Adamas: “Unfathomable” rare earth demand growth awaits post-2030

Demand growth of the 2020s will soon be dwarfed by the astronomical demand growth of the 2030s, according to a new forecast by Adamas Intelligence. Therein lies the real defining challenge and opportunity facing the global rare earth industry today, the company said. After growing at a CAGR of 6.4%... Read more →


US Xpress releases trucking industry forecast; driver turnover, truckload capacity and load volumes significantly impact market

US Xpress, Inc., one of the US’ largest asset-based truckload carriers by revenue, released its September industry forecast spotlighting key economic trends and updates specific to the trucking industry. Three key insights include: Rising Driver Turnover. As the economy slowly recovers, freight volumes will rise and drivers will become an... Read more →


IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS... Read more →


Roskill: Molybdenum demand to drop by more than 8% in 2020

Roskill expects demand for molybdenum to drop by more than 8% in 2020. The molybdenum market enjoyed three years of growing demand between 2016 and 2018, but macroeconomic concerns and a slower steel market resulted in a 2.3% decline in 2019. Mine supply continued to edge higher in 2019, albeit... Read more →


GlobalData: China to overtake US in nuclear capacity by 2026

China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to research and analytics company GlobalData. According to GlobalData, more than 160GW of fresh nuclear capacity will be added globally between 2020-2030 out of which about... Read more →


Jupiter: cars with embedded connectivity to reach 200M by 2025; eSIMs and 5G

A new study from Juniper Research projects that the number of vehicles with embedded connectivity will reach 200 million globally by 2025, rising from 110 million in 2020. One of the main beneficiaries of this growth will be mobile operators. The incorporation of eSIMs (embedded SIM) into the vehicle will... Read more →