BloombergNEF (BNEF)
Sales of electric vehicles in the U.S. are showing some signs of recovery, while the market for hydrogen fuel cell vehicles has practically collapsed.
About 20% of all vehicles sold worldwide this year will have a plug ― either battery electric or plug-in hybrid ― with sales predicted to rise to one-third by 2027.
A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a “balanced” and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies.
Global investment in passenger electric vehicles was up 36% in 2023, investment in energy storage jumped 77%, and investment in carbon capture and storage nearly doubled.
The momentum created by billions of dollars in federal incentives and tax credits has been tempered by supply chain constraints and the impacts of inflation and higher interest rates.
BloombergNEF offshore wind analyst Chelsea Jean-Michel said there's reason for optimism for the industry in the United States, once it overcomes its growing pains.
The U.S. clean energy transition hit new highs in 2022 in terms of renewable energy and storage deployed, says the Business Council for Sustainable Energy.
Commercial aviation can be carbon-free, say engineers and commercial airline planners who see the changes coming first in smaller electric aircraft.
Our Next Energy, Lyten and Natron Energy explained their new battery technologies and growth plans at BloombergNEF’s the annual summit.
Transportation electrification is the key theme at the BNEF Summit in San Francisco, and CEO Jon Moore opened the event with what's driving the transition.
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