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 →


Traction batteries and motors in electric vehicles (EVs) are very different than the powertrain components of the internal-combustion engine vehicles they replace. Their meteoric rise will lead to much greater demand for several materials markets which otherwise would see only modest growth. For example, while the combustion engine and transmission... Read more →


Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution. The open-access paper is published in AGU’s journal... Read more →


After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to... Read more →


IHS Markit says outlook for crude oil prices strengthens through 2021

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. The IHS Markit Brent price outlook... Read more →


A new study of the impact of high EV adoption on the Western US power grid by a team from Pacific Northwest National Laboratory (PNNL) has found that 2028 grid resource adequacy—from generation through transmission—is likely to be sufficient for high EV penetration. Under a high-penetration scenario with national electric... Read more →


Canadian oil sands production is expected to decline by nearly 175,000 barrels per day (b/d) in 2020 as a result of COVID-19—the largest annual decline on record. However, the longer-term trajectory of oil sands production is expected to change little compared to pre-pandemic projections, according to a new 10-year forecast... Read more →


ABI: connected car market will endure a 15% shipment decline, flat revenues in 2020; sales return on trend early 2022

After years of consistent growth, the connected vehicle industry will face a 15% decline in shipments and flat revenues in 2020, according to projections by ABI Research, a global tech market advisory firm. However, both embedded and aftermarket segments will see accelerated growth in 2021, and sales should return to... Read more →


MIT Task Force on the Work of the Future suggests widespread autonomous driving at least a decade away

The MIT Task Force on the Work of the Future has released a new research brief examining the future of autonomous vehicles. The brief is part of a series of subject-specific research projects by MIT faculty that will help frame national discussion and policies about work, technology, and how we... Read more →


A team from Oak Ridge National Laboratory (ORNL), Aramco Services Company, MIT, the Michigan Department of Transportation and Argonne National Laboratory has developed a machine-learning-based model (Pandemic Oil Demand Analysis, PODA) to project the US medium-term gasoline demand in the context of the COVID-19 pandemic and to study the impact... Read more →


IHS Markit: production of carbon-free “green” hydrogen could be cost-competitive by 2030

By 2030 the production of hydrogen fuel by the electrolytic splitting of water—which can be carbon-free provided the electricity used in the process is produced by renewables—could become cost-competitive with currently predominant methods that require the use of natural gas as a feedstock, according to analysis by the IHS Markit... Read more →


Although large emissions cuts are urgently needed to achieve global climate goals, it may take decades before we can measure the effect of the reductions on global temperature evolution, according to a new study by researchers at Norway’s CICERO Center for International Climate Research. In the open-access study, published in... Read more →


The EU could slash truck carbon pollution by more than a fifth (22%) in a decade by requiring its main cities to have electric truck charging infrastructure, according to a new study released by European environmental NGO Transport & Environment (T&E). The analysis by T&E’s Lucien Mathieu of truck flows... Read more →


GlobalData: hydrogen to become game changer as large-scale source of cleaner power

In the short- to medium-term, hydrogen technology could be used to replace compressed natural gas (CNG) in some areas with minor changes to the existing infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thematic Research: Hydrogen’, highlights that countries worldwide are striving to accelerate the... Read more →


The Manufacturers of Emission Controls Association (MECA) released a new report quantifying a county level MOVES emissions inventory in the continental US (CONUS) 48 states and subsequent air quality modeling report of a potential scenario should the US EPA Cleaner Trucks Initiative (CTI) be finalized as a national program at... Read more →


Electric vehicles (EVs) will be a major disruptor for the US electric power sector, with the number of EVs in the US projected to increase from 1.5 million in 2020 to 10–35 million by 2030. A new study released by economists at The Brattle Group concludes that an investment in... Read more →


Strategy Analytics forecasts that automotive sensor market growth will be driven by an expected increase in demand for electric vehicles. The “Strategy Analytics Powertrain Body Chassis and Safety (PBCS) service report, “Global xEV Sensor Market 2018-2027” forecasts that the global market for current, position/speed and temperature sensors, will grow at... Read more →


Guidehouse Insights forecasts deployments of highly automated vehicles are unlikely before 2025

According to a new report from Guidehouse Insights, significant deployments for more than a few hundred thousand light-duty, highly automated vehicles are not expected until after 2025, with global volumes expected to reach approximately 13.1 million in 2030. Although 2020 was long projected as the turning point for when automated... Read more →


Roskill forecasts Li-ion battery demand to increase more than ten-fold by 2029 to >1,800GWh

Roskill forecasts that Li-ion battery demand will increase more than ten-fold by 2029, reaching in excess of 1,800GWh capacity. The pipeline capacity of battery gigafactories is reported by Roskill to exceed 2,000GWh in 2029, at more than 145 facilities globally. Driven by demand from the automotive and energy storage markets,... Read more →


The California Energy Commission has released a UC Irvine roadmap for the buildout and deployment of renewable hydrogen production plants in California to support policy decisions and inform stakeholders. The study concludes that, with appropriate policy support, the renewable hydrogen sector can reach self-sustainability (price point at parity with conventional... Read more →


ABI Research: connected services for consumer and commercial EVs to reach US$378M in revenues by 2030

Subscriptions of connected services for consumer and commercial Electric Vehicles (EVs), such as charging-station locator, eco-routing, and EV telematics, will grow 270% from 2020 to 2024, reaching 7 million subscribers by 2024, according to global tech market advisory firm, ABI Research. The forecast combined revenue opportunity of connected services for... Read more →


Roskill: Nickel sulfate to be the key growth area of nickel demand over the next decade; driven by EVs

As a crucial raw material in Li-ion batteries used to electrify vehicles, a significant volume of nickel sulfate will be required in the decade ahead from the booming automotive sector. In a newly-released report (Nickel Sulphate Outlook to 2029, 3rd Edition) on the nickel sulfate industry, Roskill forecasts that growth... Read more →


IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 million barrels per day (MMb/d) of existing production by early June due to operating cash losses, lack of demand and storage capacity, and an unwillingness to sell resources at the... Read more →


BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 million worldwide, with the coronavirus crisis interrupting ten successive years of strong growth. However, sales of combustion engine cars are set to drop even faster this year (by 23%), and the long-term electrification of... Read more →


A team from the University of Delaware and the University of Denver has created a new global simulation model to predict how urban land will change over the next 100 years under different social and economic conditions. The research team’s projections show that the amount of urban land on Earth... Read more →


A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. It estimates that more than 3 billion tons of minerals and metals will be needed to... Read more →


Juniper: Mobility-As-A-Service users to grow over fivefold between 2019 and 2021, despite ongoing pandemic

A new study from Juniper Research has found that the total number of MaaS (Mobility-as-a-Service) platform users (which integrates different transport services, including buses, taxis, rail and metro into a single app), will grow by more than fivefold by 2021 compared with 2019. This means the market will reach more... Read more →


IHS Markit: global auto sales to drop 22% this year

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 million units this year in the wake of the pandemic, a 22% drop from last year.... Read more →


Omdia: Power semiconductor market set for 6.9% decline in 2020 as COVID-19 hits smartphones & automotive

The global power semiconductor market is set for a steep decline in 2020 as demand for these components plunges from the key markets of smartphones and automotive electronics due to the COVID-19 crisis, according to Omdia. Omdia is a global technology research house established following the merger of the research... Read more →


IHS Markit is projecting an 18% drop in global new vehicle sales year-on-year under an extended lockdown scenario to 73.3 million units. Regionally, that breaks out to: -26% US vehicle sales decline YoY to 12.6 million units -17% Europe vehicle sales decline YoY to 17.1 million units -14% China vehicle... Read more →


GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO2 emissions in the European car market. GlobalData’s analysis suggests that low oil prices will lead to a longer waits for... Read more →


Ricardo report analyzes global development of high voltage fast charging for EVs

A new report published by Ricardo highlights the rapidly changing landscape for fast-charging electric vehicles, and the implications for vehicle makers, supply chains, charging infrastructure providers and equipment manufacturers. The report—High Voltage and Fast Charging for Electric Vehicles—shows how automotive manufacturers and infrastructure providers in the US, China and Europe... Read more →


The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total. EV... Read more →


The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Hydrogen Economy Outlook, a new and... Read more →


A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 million barrels per day (MMb/d) during the COVID-19 response period. The... Read more →


A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “Road Map to a US Hydrogen Economy.” The Road Map stresses the versatility of hydrogen as an enabler of the renewable energy system; an energy vector that... Read more →


According to recent figures published by global tech advisory firm ABI Research, a total of 41 million 5G connected cars will already be on roads by 2030. That number will rise to 83 million 5G connected cars by 2035. By then, 5G connected cars will make up more than 75%... Read more →


BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. The global auto market is very sensitive to macroeconomic... Read more →


In a new report, “Electric Vans 2020-2030”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 million units annually by 2030. The report provides a detailed ten-year outlook for the uptake of electric light commercial vehicles across key regions (China, Europe, North America and the rest of... Read more →


The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. In a new report, “Global Energy Storage Market 2019,” Lux estimates that the three main drivers of energy storage—mobility applications, electronic devices, and stationary storage—will... Read more →


Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Widespread adoption of plug-in electric vehicles (PEVs) in California could confer significant economic benefits by both 2030 and 2050, resulting in increases to Gross State Product (GSP), employment, real household incomes, and state revenue, according to a new report commissioned by the think tank Next 10. The report, Clean Transportation:... Read more →


The Hydrogen Council has published a new report, Path to Hydrogen Competitiveness: A Cost Perspective, demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected. As scale-up of production, distribution and equipment manufacturing continues, cost is projected to decrease by up to... Read more →


A new report from Tractica forecasts that the global market for Mobility as a service (MaaS) to grow at a compound annual growth rate (CAGR) of 24.0% to become a $563.3 billion market by 2025, largely driven by ride-hailing applications. Tractica defines mobility as a service (MaaS) as technology-driven programs... Read more →


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 →