Electric vehicle sales continue to grow faster than most people expected, even faster than professional analysts in the field expected, and — surprise, surprise — they’ve grown much faster than oil companies have forecasted. That’s one of the big takeaways from BloombergNEF’s latest Zero-Emission Vehicles Factbook. In the forecasts used … [continued]
BloombergNEF (BNEF) has a new report out this month, the Zero-Emission Vehicles Factbook. It was especially prepared for the COP28 summit that is currently underway in the UAE. There’s a lot in the 71-page report and I’m sure we’ll cover more highlights, but as I started digging in, I got … [continued]
If you’re wondering who is winning in the growing electric vehicle market, you should know by now that Tesla and BYD are far ahead of the pack. We’ll have much more detail on the models and brands leading sales in our monthly World EV Sales Report later today. However, first, … [continued]
Thanks to a variety of factors, lithium-ion battery packs are at record low prices. After dropping 14%, they are down to $139/kWh. The steep price drop and record low average price come on the heels of price increases in 2022 that had brought battery prices back to 2020 levels. The … [continued]
In this time of rapid change, that which was new, different, not normal, is now the new normal. Can we drop the title “green” energy and just call it energy? Electric cars are not just greener, they are better technology than internal combustion engine vehicles, just as the Ford Model … [continued]
Bloomberg New Energy Finance has upgraded its forecast for global energy storage (GES) by 13% thanks to recent developments in the US and Europe. GES currently sits at 50 GW. Bloomberg New Energy Finance (BNEF) is predicting that it will rise to almost 150 GW by 2025, and over 400 … [continued]
A recent report by BloombergNEF declares that the tipping point for battery electric vehicle (BEV) ascendency has been reached globally. Although acceptance of EVs varies from country to country, a pattern has emerged. “Once 5% of new-car sales go fully electric, everything changes — according to a Bloomberg analysis of the … [continued]
In a recent Ted talk that took place at the Tesla Gigafactory Texas, Elon stated that the world would need 300 TWh of battery capacity to be fully sustainable. Giga Texas at full steam is predicted to produce 0.1 TWh. Elon believes that, overall, Tesla could scale up to 10% … [continued]
Everyone who follows electric vehicle news knows there is a certain amount of fear, uncertainty, and doubt (FUD) online. Consequently, it can sometimes be difficult to tell what portion of EV news is intentional or unintentional misinformation. (Additionally, there are a number of anti-EV trolls who make false claims in … [continued]
Although “blue” hydrogen is cheaper today than “green” hydrogen the situation should reverse by 2030. Blue hydrogen is made from natural gas backed up by carbon capture and storage (a technology which struggles to be economically viable). Green hydrogen is made from water using renewable energy. “BloombergNEF expects renewable hydrogen … [continued]
