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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Demand for lithium ion batteries is forecast to grow to 3.7 Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 The rise of gigafactories.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. BNEF will discuss its EV forecast in detail at its upcoming annual BNEF Summit in New York in April. Although some 1.3

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.

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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Possibilities include dramatic reductions in the cost of EV batteries that lead to more cost- competitive vehicles, greater state or federal incentives, or increasing taxes on fossil fuels. million e-bicycles and e-scooters compared to about 30,000 e-motorcycles were estimated to have been sold in 2013 outside of China), Navigant says.

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

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Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. This is largely due to China’s strength in batteries and motors. Yet, China and other countries face steep challenges in promoting electric vehicles.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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