Released October 27, 2021 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The number of gasoline- and diesel-powered light-duty vehicles on the road across the globe will peak in 2038, while the number of electric vehicles will continue to grow, according to the U.S. Energy Information Administration's (EIA) International Energy Outlook 2021.
Industrial Info is tracking more than 4,000 automotive projects, worth $188.8 billion, worldwide. This includes more than $12 billion worth of electric vehicle capital-spending projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed electric vehicle project reports.
Click on the image at right for a graph showing global electric vehicle project activity by project type.
In its Tuesday Energy News Today entry, the EIA said it estimates the global light-duty vehicle (LDV) fleet contained 1.31 billion vehicles in 2020, and it projects the fleet will grow to 2.21 billion vehicles by 2050.
"We project electric vehicles (EVs)--any LDV with a charging plug--will grow from 0.7% of the global LDV fleet in 2020 to 31% in 2050, reaching 672 million vehicles. Significant growth in EV sales and shares of sales through the projection period results in the global conventional gasoline and diesel LDV fleet peaking in 2038."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
:
Industrial Info is tracking more than 4,000 automotive projects, worth $188.8 billion, worldwide. This includes more than $12 billion worth of electric vehicle capital-spending projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed electric vehicle project reports.
In its Tuesday Energy News Today entry, the EIA said it estimates the global light-duty vehicle (LDV) fleet contained 1.31 billion vehicles in 2020, and it projects the fleet will grow to 2.21 billion vehicles by 2050.
"We project electric vehicles (EVs)--any LDV with a charging plug--will grow from 0.7% of the global LDV fleet in 2020 to 31% in 2050, reaching 672 million vehicles. Significant growth in EV sales and shares of sales through the projection period results in the global conventional gasoline and diesel LDV fleet peaking in 2038."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
:
