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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, 14 August 20
EIA: COAL PLANTS UNECONOMICAL IN MOST REGIONS - IEEFA
U.S. coal power generation plunged by 30 percent in the first half of 2020 off an already-depressed base, shoved out by natural gas and renewables ...
Thursday, 13 August 20
INDIA SHOULD RECORD A SLIGHT DECREASE IN THERMAL COAL IMPORTS, REACHING A VOLUME OF 167 MILLION TONS BY THE END OF 2020 - ASSOCARBONI
Regarding 2020 thermal coal imports forecasts, Vietnam’s coal imports showed a very strong growth in the first half of 2020 and it is believe ...
Thursday, 13 August 20
INDONESIA REMAINS THE LARGEST EXPORTER OF COAL IN THE WORLD - ASSOCARBONI
According to the last Assocarboni data for 2019, Indonesia remains the largest exporter in the world. Thermal coal exports have in fact reached 456 ...
Wednesday, 12 August 20
VIETNAM WAS THE PROTAGONIST OF A SIGNIFICANT INCREASE IN COAL IMPORTS IN 2019 - ASSOCARBONI
The latest Assocarboni data for 2019 also provide a detailed picture on the trend of the global coal import.
According to Assocarbon ...
Wednesday, 12 August 20
THE COAL MARKET IN ITALY - ASSOCARBONI
Italy, which in 2019 reported a decrease in thermal coal imports, with a volume of 7,5 million tons (-32% compared to 11 million tons in 2018), whi ...
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- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
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