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In a new report (its fourth on electric car adoption) the BostonConsultingGroup forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. Regional Market Variations.
Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The BostonConsultingGroup (BCG). Click to enlarge. BCG, November 2010).
Furthermore, electrifying gas-convenience stores will become not only a necessity to meet global climate goals but also a financial imperative. Best Time for Gas Stations to Electrify However, the growth of electric vehicles (EVs) adoption presents a meaningful opportunity for these gas station owners to innovate.
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Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. According to S&P Global registration data, Hyundai was the fourth best-selling EV maker in 2024, with 51,411 electric cars delivered, or 4.5% of the US EV market.
Is Shell shutting down gas stations in order to replace them with EV charging hubs? Shell’s “ Energy Transition Strategy 2024 ” mentions electric vehicles at least 30 times (accompanied in almost every case by a mention of biofuels), and concedes that growing EV adoption may cut into the demand for petroleum (at least a little).
The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. Much of the growth is thanks to rising demand for Hyundai’s electric models. For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month.
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2050 net-zero strategy document , which explains how America will get to net-zero greenhouse gas emissions by 2050. By some estimates, upwards to 80,000 auto workers and a similar number in the auto supply chain have already been laid off globally to support the EV transition. Neither does the U.S.
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