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Lux predicts energy storage market will hit $546B by 2035

Green Car Congress

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. Residential storage has a CAGR of 76% and $8 billion revenue increase over the next three years, followed by personal mobility with a CAGR of $49% and $4.6 billion revenue increase.

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BYD introduces fifth brand to focus on professional and personalized new energy vehicles

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BYD has introduced its fifth brand—Fang Cheng Bao—to meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models.

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More people in the vehicle means less fuel use per person: Comparing SUVs and cars

Green Car Congress

Compared with cars, SUVs consume more energy per vehicle mile. The issue of interest in this study was the resultant energy usage per occupant distance. In other words, does the higher occupancy of SUVs compensate for their higher energy consumption per vehicle distance when considering energy consumption per occupant distance?

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UC Davis researcher finds ride-hailing EVs offer triple the emissions benefits of a personally owned EV

Green Car Congress

Replacing a gasoline-powered ride-hailing vehicle with an electric vehicle can deliver three times the carbon benefits of a personally owned electric vehicle, according to a study by a University of California, Davis, researcher of Uber and Lyft data. The paper is published in the journal Nature Energy. Nat Energy (2020).

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Study forecasts even with modest warming, global energy demand to increase by mid-century

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A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.

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Is Personal Energy Independence A Better Selling Point?

CleanTechnica EVs

continued] The post Is Personal Energy Independence A Better Selling Point? At first, it’s too expensive because it hasn’t reached mass production. Then, as more copies are made, prices start to fall. Then, as adoption goes mainstream and then into a majority, prices become so low. appeared first on CleanTechnica.

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Porsche opens Europe’s most powerful rapid-charging park in Leipzig; 7MW, all renewable energy

Green Car Congress

Porsche Leipzig currently has Europe’s most powerful rapid-charging park, which is operated entirely with electricity from renewable energy sources. The total capacity of the facility, which includes six internal quick charging points, is 7 MW. Porsche Turbo Charging, Rapid-charging park, Leipzig.

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