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 →

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 →

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 →

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 →

The Cobalt Institute’s Cobalt Market Report 2021, prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. In 2021, the cobalt market showed unprecedented demand... Read more →

The lithium industry needs $42 billion of investment if it is to meet 2030 demand, according to analysis by Benchmark Mineral Intelligence. This works out at approximately $7 billion a year between now and 2028 if the industry is to meet lithium demand by the end of the decade. Benchmark... Read more →

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 →

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 →

Semiconductor manufacturers worldwide are on track to boost 200mm fab capacity by 1.2 million wafers, or 21%, from the start of 2020 to the end of 2024 to hit a record high of 6.9 million wafers per month, according to SEMI’s 200mm Fab Outlook Report. After climbing to $5.3 billion... Read more →

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 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 →

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 →

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 →

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 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, 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 →

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Hydrogen and recycling are likely to play a central role in reducing emissions from steel production. Steel is responsible for around 7%... 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 →

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 →

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 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 →

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 →

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 →

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 →

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 →