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.
2024-10-12
Volkswagen Group has let it be known that it might need to shutter two factories in Germany. It also indicated it might need to end the “guaranteed employment” policy it has adhered to for decades that is designed to ensure workers there will always be a job for them within the Volkswagen family. The news has rocked the company and has been described as an earthquake by some in the German media
Layoffs, which are common in the industry, are not the Volkswagen way, but now it appears that this promise is in danger as the company struggles to adapt to the current market situation.
Source: Clean Technica Read The Article
PSR Analysis: There is much criticism of VW’s failure to grasp the opportunities presented by the electric and hybrid car markets. There is also a lot of criticism about those EV models that VW does build. This coupled with the fact that every fifth electric vehicle sold in Europe today is produced in China, means that the German auto industry is now in crisis and what it does next may determine if it survives. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
2024-09-23
Researchers at the Technical University of Denmark (DTU) have developed a super-ionic material based on potassium silicate, a compound extracted from ordinary rocks. This innovation could potentially revolutionize the way we power electric cars.
Potassium silicate, the key material in this new battery technology, is abundantly available in the earth’s crust. Potassium silicate is also resilient to air and moisture, allowing it to be easily integrated into batteries as a thin layer without the need for expensive protective measures.
Source: MSN: Read The Article
PSR Analysis: We continue to see many new innovations in battery technology which show a lot of promise. This one has the potential to be safer and cheaper, but we are far from commercialization so this innovation is a long way off. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
Zeekr, an electric vehicle (EV) maker within the Geely Auto group, has integrated its self-developed fast-charging battery technology, based on lithium-iron-phosphate (LFP) chemistry, into its latest vehicles
According to the company, the 75 kWh battery pack supports ‘5.5C ultra-fast charging,’ enabling vehicles to charge from 10% to 80% in just 10.5 minutes using 800V charging at Zeekr’s proprietary stations.
Source: PV Magazine: Read The Article
PSR Analysis: Until this, all Lithium -ion batteries using NMC cathodes were faster than LFP batteries. This reverses that and means that this ultra fast charging together with safer LFP chemistry could eventually replace standard NMC battery chemistries
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
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