2024-12-16
The December 2024 issue of the Alternative Power Report published by Power Systems Research includes articles the successful trends in Chinese EV production, Mercedes’ solar paint product for EVs, new research on sodium-ion batteries and the development of rotary engines powered by hydrogen. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
2024-12-14
With the US history as automobile leaders of the 1900s, it is easy to assume the US will continue being the automotive leader globally and especially domestically. However, the US is rapidly being outmaneuvered, out-innovated, and left in the dust by its Chinese competitors – particularly in the field of EVs.
This article brings together several stories relating to the automotive market with particular emphasis on BYD.
Overall, Chinese electric cars are leading the US auto industry, and it’s hard to imagine that story won’t get even more imbalanced in the coming four years with President-elect Donald Trump slowing US progress on EVs.
Source: Clean Technica: Read The Article
PSR Analysis: In China, there seems to be a real appetite for innovation, change and growth which seems to be lacking in Europe and the US. Many western auto brands are overpricing their vehicles and cancelling the most affordable models. This short-term outlook may be the end of these brands, as they are struggling to be relevant in today’s market. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
2024-12-13
The Thai government says it will relax the requirement for EV manufacturers receiving subsidies to produce a certain number of vehicles by 2024. There had been calls for a revision from Chinese manufacturers and others. This is in response to poor market conditions for EVs.
The Board of Investment (BOI) of Thailand provides subsidies to manufacturers that can be applied to the purchase of EVs. The subsidy amount is up to about US$ 3,000 (100,000 baht or about 440,000 yen) per vehicle, which is about 10% of the purchase price of a medium-sized SUV.
2024-11-16
The Personal Watercraft/Jet-ski Market size was valued at USD 2.544 billion in 2023, according to Power Systems Research, and is estimated to register a CAGR of 5.44% between 2024 and 2032.
Market Trends. Manufacturers are investing in developing PWCs made of environmentally friendly materials and e-powered personal watercraft that are cleaner and more efficient.
Donald Trump has always pushed for more oil drilling and fewer regulations, left the Paris Agreement in his first term as president, says he hates “windmills,” has promised to scrap offshore wind on “day one” if he won the 2024 election, and calls climate change a “scam.”
And now that he’s won, this is a direct threat to the US’s pledge to reach net zero by 2050. After all, federal policy directly impacts the pace of renewable energy growth, especially when it comes to incentives and research funding
Donald Trump will push fossil fuels and undo renewable energy policies, but it ultimately won’t stop clean energy’s momentum
Source: Electrek: Read The Article
PSR Analysis: The clean energy market isn’t solely driven by US federal policy. Over the last decade, solar, wind, and EVs have become more cost-competitive and popular. State policies play a huge role too, and many states are committed to their own clean energy goals regardless of who sits in the White House. Only time will tell the true impact of Trump’s victory. PSR
The push to commercialize solid-state batteries is underway with industries from automotive to storage betting on the technology. But while the technology has been taking longer than expected to take off, semi-solid-state batteries, which use a hybrid design of solid and liquid electrolyte, have been making steady progress toward commercialization.
The latest findings from Taipei-based intelligence provider TrendForce show that all-solid-state battery production volumes could have GWh levels by 2027. This rapid expansion could lead to cell price declines, reaching the $84-$98 level by 2035.
Source: PV Magazine: Read The Article
PSR Analysis: The benefits of solid state batteries (higher energy density leading to longer range, rapid charging, safety and lower weigh) are well known. If the costs can come down because of mass production, then this will become a significant game changer. PSR
Nevada Gets World’s First Lithium-Sulfur Battery Gigafactory
In 2008, batteries cost $1,355 per kilowatt-hour, and the goal of an $80/kWh EV battery seemed ridiculous. But today the cost of EV batteries is dropping within shouting distance of that $80 goal, pulling the total cost of EV ownership down with it.
The total cost of EV ownership over time, including fuel and maintenance, has been close to, or at parity with, comparable gas automobiles for many years. The deciding factors for specific vehicles vary, but drivers in the US are owning their cars for longer periods — they hit a record average of 12.5 years in 2023 — so that long-term fuel and maintenance savings advantage for EVs can tip the balance.
2024-11-11
The November 2024 issue of the Alternative Power Report published by Power Systems Research includes articles on battery development and discussions on the declining costs of battery power for EVs. Reduced battery costs means reduced costs for EVs, too. An article discusses the outlook for clean energy in the U.S. now that Trump has regained the White House. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
2024-10-15
There’s plenty of news on battery development of EVs in the October 2024 issue of the Alternative Power Report published by Power Systems Research. You can also read about VW’s plans to restructure its labor force, as well as several articles on hydrogen power. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
2024-10-14
The European Union has approved a tariff increase on Chinese electric vehicles, according to the report from Agence France-Presse. Politicians and industry representatives from several European countries had previously expressed opposition to the European Commission’s investigation, and China also condemned the EU’s move to impose additional tariffs on Chinese electric vehicles as a typical act of protectionism.
Several European diplomats told Agence France-Presse that despite strong opposition led by Germany, the EU still approved the imposition of high tariffs on Chinese electric vehicles. According to the report, 10 countries, including France and Italy, supported the imposition of a tariff of up to 35.3% on top of the existing 10% tariff. Five countries, including Germany and Hungary, voted against, and another 12 countries abstained.
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