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BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. —Colin McKerracher, head of advanced transport for BNEF.
A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.
In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. Globally, the DM-i model also holds an important position. BYD sold 88,898 passenger vehicles in October, increasing 90.9% BYD’s e-platform 3.0
Ford electric vehicles sales in the US were up 103% for November 2022 compared to year ago, making Ford the US’ second best-selling brand and manufacturer of electric vehicles behind Tesla. EV sales for the month were 6,255 units, or 4.3% of total vehicle sales for the month. of all F-Series sales for the month).
An important lever for this is the adjustment and realignment of capacity within its global production network. Against this backdrop, the company intends to start talks on the sale of its car plant in Hambach, France. That is why we intend to start talks on the sale of the Hambach plant. The transformation to the CO?-neutral
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Increasing future sales for BEVs will rely on companies improving awareness of their product. Source: Ipsos. —John Kiser.
The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.
Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year globally, up 40% from July 2021. Electrolyzer sales have more than doubled to 458MW in 2021 and are set to grow 4-5x this year. Almost two-thirds of these sales will happen in China. Forget about hydrogen cars.
Despite the trend toward transportation electrification, the lithium industry has had a rough few years. However, Roskill believes that the closure of Altura Mining, the latest casualty of the period of falling lithium prices, may represent a turning point for the lithium industry. Lithium demand by application in 2019.
Falling sales in H2 2019 in China, the largest market for EVs, and a global reduction in sales caused by lockdowns related to the COVID-19 pandemic in H1 2020 slowed lithium demand growth, impacting demand from both battery and industrial applications.
The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019.
Globalsales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% from the previous industry record of $71 billion in 2020, SEMI announced in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective.
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.
The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. The US is targeting a 50% penetration rate of EVs (battery, plug-in hybrid, and fuel cell) in new sales by 2030. The EU has an ICE ban from 2035.
These core business aims include: Accelerating electrification and achieving annual sales of 1.2 Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Starting with an annual globalsales goal of 3.15
At an event in the GM Tech Center campus in Warren, Michigan, General Motors unveiled the core of its new strategy to grow the company’s EV sales quickly, efficiently and profitably. The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries.
New Zealand-based Fabrum and Chart Industries have formed a strategic partnership to collaborate on the manufacture and sale of Micro-Scale Liquefiers for hydrogen and other gases. The collaboration targets the rapidly increasing demand for liquefaction systems as industries work to decarbonize and transition to new energy sources.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. The Agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.
Nidec Corporation’s Board of Directors approved a resolution to acquire the shares of Mitsubishi Heavy Industries Machine Tool Co., Nidec has been actively engaged in the manufacture, sales and services associated with reduction gearboxes and pressing machines through its subsidiary, Nidec-Shimpo Corporation.
Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. The shift to sustainable truck transport is happening in many parts of the world, including Australia, where sales of electric trucks are starting to pick up. This is Volvo’s largest electric truck order to date in Australia.
years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age. million units to 13.9 billion, up more than 8.5%
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.
The international trucking industry is undergoing a transformation towards more sustainable transport as sales of heavy battery electric trucks are starting to pick up, with Europe in the lead. The company’s target is that half of its total truck sales will be electric by 2030.
Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). HMGICs will become Hyundai’s global open innovation hub. It also will help define the future business direction for the company.
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 EIA expects that global liquid fuels consumption will grow by 5.3 In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7
UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035. billion (US$1.7
Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% of all Volvo cars sold globally during the month. Sales of fully electric cars increased by 229.5% of total sales. Recharge sales increased by 7.0% of total sales.
After its meteoric rise in the global auto industry last year, the Chinese EV giant is off to a hot start in 2025. Even more impressive, BYDs overseas sales doubled to start the year as it expands into new markets. BYD sold over one million EVs and plug-in hybrids in the first three months of the year.
Deliveries of the new CMA-based Polestar 2, which will begin in August, will continue to drive sales on this successful platform. The range offers a PHEV option on all of Volvo car models, with the aim that by 2025, half of its globalsales volume will consist of fully electric cars, with the rest hybrids. billion (US$1.6
Through these experiences, the company has learned that many companies involved in FC products in a variety of industries are looking for FC systems that can be easily adapted to their own products.
This could prove very problematic for the industry in a year that was supposed to mark the big shift to EVs to reduce fleet CO2 emissions in line with new tighter EU CO 2 targets. Much lower pump prices for gasoline and diesel have been ushered in by the COVID-19 crisis and a big hit to global oil demand.
In 2022, BYD’s new energy vehicles saw total sales surpass 1.86 The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5 million units from January to July, including a notable 92,469 units sold overseas which exceeded the total overseas sales for the entire year of 2022.
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. Without a clear end to the pandemic in sight, 87% of global consumers stated their safety and physical well-being, alongside that of their families, is best served through a personal vehicle.
Despite comprising just 4% of vehicles, buses and trucks contribute 40% of global transport emissions, making their rapid electrification a vital step in the decarbonization process. of total bus sales. Another example of HVC360’s global near-term potential can be found in the haulage industry.
Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. UBQ Industrial Grade.
The technology group Wärtsilä has signed a Memorandum of Understanding (MoU) tied to a License and Cooperation agreement with UK-based Anemoi Marine Technologies for the future sales and servicing of Rotor Sail solutions to the shipping industry. —Kim Diederichsen, CEO of Anemoi Marine Technologies.
Polestar and Rivia have collaborated on a ‘ Pathway Report ’ which concludes that the automotive industry is set to overshoot the IPCC’s 1.5-degree The report, which uses existing, open-source data to model the current trajectory for emissions stemming from the car industry, was carried out by global management consulting firm Kearney. …
Currently, it mainly develops and produces large volumes of chips on 200-millimeter silicon wafers for applications in the mobility, telecommunications, energy, and life sciences industries. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
Portfolio upgrades, enhancing efficiency, increasing renewable energy purchases, reducing throughput and sales of fossil refinery products, and increasing the share of recycled and sustainable feedstocks will be the key levers in achieving these targets. OMV’s goal is to become a leading global supplier of specialty polyolefin solutions.
The new Service Station can save costs on hydrogen production, storage and transportation by more than 20% compared to traditional hydrogen refueling stations; it is intended to become a pilot model to lead the development of China's hydrogen energy industry. Sinopec Fuel Oil Sales Co.,
Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 million units (approximately 15% of total sales) as of 2030. Commuter EVs. Commuter EMs / EBs. Platform strategy.
SPR releases of crude oil can occur under four conditions: emergency drawdowns, test sales, exchange agreements, and nonemergency sales. There have been four prior emergency drawdowns in the history of the SPR: 1991 Operation Desert Storm Sale. 2005 Hurricane Katrina Sale. President George H.
Volvo Trucks goal is that electric models will account for half of its truck sales in 2030. The tractor models of the Volvo FH, Volvo FM and Volvo FMX Electric are released for sale now. Rigid versions will be released for sale in the fourth quarter of 2022.
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