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Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
 Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.
Both projections have been revised down 2% when compared to Wood Mackenzie's pre-coronavirus forecast, with the pandemic delaying total vehicle sales by two years.
Responses to the pandemic from China and Europe have strongly supported a green recovery, whereas the US response has not been as favourable to transport electrification.
“Despite EV stock growing to 35 times its current size, the transport emissions curve will flatten and not fall. The global CO2 emissions contribution of transport will increase by 1.3 megatons between now and 2040.
“Major automakers have set their sights on being climate neutral by 2050 and view battery electric vehicles (BEVs) as the strongest lever to achieving that target,” said Ram Chandrasekaran, Wood Mackenzie Principal Analyst.
Commercial EV adoption has fewer barriers than passenger EV adoption and will be driven by cost rather than emissions regulations.
One of the major drivers of increasing passenger car EV adoption is the strict regulatory targets mandated globally.
In their effort to meet the targets, automakers must manufacture an increasing number of EVs that are favoured by existing mechanisms for measuring emissions. The regulations for commercial vehicles, however, are more lenient.
Wood Mackenzie expects commercial EV adoption to see a step change when the total cost of ownership becomes favourable to EVs in the segment. Commercial EV sales are projected to top 5.5 million a year by 2040, with global stock hitting 40 million by the same year.
“Electric buses in China have represented the entirety of commercial EVs for the past few years. Buses will lead the electrification of the global commercial segment until 2026. Post-2026, light-duty trucks will take over the charge.
“Unlike retail customers, fleet owners are well versed in the capital and operational expenses of their vehicles. They also have well-defined operating routes, as well as overnight parking locations.
“Electrification of the US pick-up truck market is hotly contested with several new players including Rivian, Bollinger, Lordstown Motors and Nikola receiving significant funding and each having at least one product on sale in the next two years,” added Chandrasekaran.
A lack of EV charging infrastructure and the high price of electric cars have been widely cited as barriers to widespread EV adoption. However, Wood Mackenzie sees progress on both fronts.
“The projected price of battery packs keeps dropping. We expect the US$100/KWh threshold to be breached by 2024, one year earlier than our previous projections.
“Cumulative residential and public charging points are projected to grow to 32.5 million and 5.4 million outlets by 2030 and will have an investment value of US$2.7 billion and US$3.3 billion, respectively,” said Chandrasekaran.
Source: Wood Mackenzie
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- The University of Queensland
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
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