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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. The Americas are projected to account for 71% of global biofuels production. billion by 2021.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

Pike forecasts that the global market for biofuels will increase from $82.7 Pike projects that the Americas will account for 71% of global biofuels production. Pike Research estimates that the global gasoline market will reach an estimated 375 billion gallons per year (BGPY) in 2021. billion in 2011 to $185.3

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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. Pike suggests that North America will experience a rebound in a few years, as the economy stabilizes along with public transit funding levels. from 2012 to 2018.

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

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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 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units. y/y in 2020.

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Zero-Emission Truck (ZET) Coalition calls for government to prioritize investments benefiting ZETs

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The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.

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Novolyte Technologies and Foosung Form JV for Li-ion Electrolytes

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a leading global producer of specialty lithium salts for lithium batteries, to form a new joint venture platform that will create an integrated global producer of lithium battery electrolytes. Foosung Co., This is an important strategic step for Novolyte and we are delighted to be partnering with Foosung Co. and its leaders.

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ABB invests $10M in ECOtality

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ABB, a global provider of power and automation technologies, has made a $10-million equity investment in ECOtality, Inc. In addition, ECOtality and ABB have formed a manufacturing agreement establishing ABB as the preferred supplier of ECOtality’s power electronics and component parts in North America.