Nat Bullard Profile picture
Nov 10, 2021 21 tweets 10 min read Read on X
Today @BloombergNEF published its Zero Emission Vehicle (ZEV) Factbook. Great stuff in here, starting with this: EV sales were 7% of passenger vehicle total in 2Q 2021. 🧵/1 bloomberg.com/professional/d…
🧵/2 Expecting 5.6 million EVs sold this year, up from 3.1 million in 2020 bloomberg.com/professional/d…
🧵/3 Electric vehicle outlooks are more bullish every year bloomberg.com/professional/d…
🧵/4 EV sales projections are more bullish every year bloomberg.com/professional/d…
🧵/5 pure electric sales >> plug-in hybrid sales, except in Europe bloomberg.com/professional/d…
🧵/6 pure electric sales >> plug-in hybrid sales, except in Europe bloomberg.com/professional/d…
🧵/7 Electric 2-wheeler sales are 9x higher than passenger EV sales bloomberg.com/professional/d…
🧵/8 clean road transport vehicle and infrastructure investment this year will be just under a quarter trillion dollars bloomberg.com/professional/d…
🧵/9 A number of automakers are now 20%+ EV sales in Europe bloomberg.com/professional/d…
🧵/10 There are now more than 500 battery electric, plug-in hybrid, and fuel cell car models available (this chart ends 4Q 2020) bloomberg.com/professional/d…
🧵/11 new EV models have greater and greater range, with 2022 models averaging 400 kilometers bloomberg.com/professional/d…
🧵/12 New EVs charge faster than ever too bloomberg.com/professional/d…
🧵/13 Lithium-ion battery cell manufacturing capacity has nearly doubled since 2019. It will grow ~5x by 2025 bloomberg.com/professional/d…
🧵/14 Really important: upfront price parity for electric vehicles is coming, and that right soon (cc @conorsen) bloomberg.com/professional/d…
🧵/15 the number of home EV chargers has tripled since 2019. The number of public chargers has doubled since 2019 bloomberg.com/professional/d…
🧵/16 Automakers are now targeting 40 million EV sales a year by the end of the decade bloomberg.com/professional/d…
🧵/17 ...and, capex commitments. As someone once said, capex is destiny. Take note of one rather major outlier on EV capex bloomberg.com/professional/d…
🧵/18 Automakers with commitments to phase out internal combustion engines represent 27% of the global auto market bloomberg.com/professional/d…
🧵/19 manufacturers covering 58% of the auto market have set some form of net-zero target bloomberg.com/professional/d…
🧵/20 There are a lot of places planning to phase out internal combustion engine vehicle sales! bloomberg.com/professional/d…
🧵/21 All that and much more from @BloombergNEF and transport team. Check it out /END bloomberg.com/professional/d…

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More from @NatBullard

Oct 2, 2022
Good morning. 🧵on aggregated US power generation interconnection queues.
1/ there is a lot of solar. 674 Gigawatts worth, 42% of it with storage.
There’s also 250GW of wind, 75GW Of gas, 6.3GW of nuclear, 900 megawatts of coal. bloomberg.com/news/articles/…
🧵 on aggregated US power generation interconnection queues.
2/ the further west you go, the more solar+storage there is. Almost no standalone solar plants planned for California. Few in the rest of the west. bloomberg.com/news/articles/…
🧵 on aggregated US power generation interconnection queues.
3/ solar resource quality peaked about a decade ago. Not a surprise. Only so many ideal high desert sites out there. bloomberg.com/news/articles/…
Read 4 tweets
Sep 22, 2022
🧵Great stuff in the new @BloombergNEF Zero-Emission Vehicles report:
1/ EV sales are ⬆️63% year-on-year about.bnef.com/blog/zero-emis… Image
🧵2/ New @BloombergNEF Zero-Emission Vehicles report:
Battery electrics 71% of sales, Plug-in hybrids 29%, you can guess where fuel cell vehicles end up about.bnef.com/blog/zero-emis… Image
🧵3/ New @BloombergNEF Zero-Emission Vehicles report:
EVs are 13% of sales, 9% pure electric, same as in 4Q 2021 about.bnef.com/blog/zero-emis… Image
Read 9 tweets
Sep 21, 2022
"We are in a period of unprecedented energy diversity, with many technologies with global average costs around $100/MWh competing for dominance." cell.com/joule/fulltext…
"The prices of fossil fuels such as coal, oil, and gas are volatile, but after adjusting for inflation, prices now are very similar to what they were 140 years ago, and there is no obvious long-range trend." cell.com/joule/fulltext…
"In contrast, for several decades the costs of solar photovoltaics (PV), wind, and batteries have dropped (roughly) exponentially at a rate near 10% per year." cell.com/joule/fulltext…
Read 4 tweets
Sep 20, 2022
Quick 🧵on @salesforce announced Net Zero Marketplace.
It raises a major (potentially existential) question for voluntary carbon markets: what is the rate-limiting step for 100x greater scale? salesforce.com/news/stories/s…
🧵2/ Is *carbon offsets availability* the rate-limiting step to 100x greater scale in voluntary carbon markets?
If so, that's a development/origination response: more developers, more places, with more access. salesforce.com/news/stories/s…
🧵3/ Is *carbon offsets quality* the rate-limiting step to 100x greater scale in voluntary carbon markets?
If so, that's a monitoring/verification/reporting response: better data, clearer protocols, more transparency salesforce.com/news/stories/s…
Read 7 tweets
Jul 6, 2022
15 years ago I joined a little clean energy information startup called New Energy Finance. Today, I'm expanding the remit a bit. It's very exciting.

Data reflections on 15 years of energy and technology change in a quick🧵follow
🧵1/ I joined New Energy Finance seven weeks before the first iPhone launched
🧵2/ Renewable energy investment would hit $120 billion in 2007 (up from $88 billion in 2006).
Investment in 2021 was more than $750 billion.
Read 11 tweets
Jul 6, 2022
Some news from me: 15 years ago, I joined a little UK startup called New Energy Finance. Now, I'm stepping into a new role for @BloombergNEF + @climate: more writing, less operations, and more engagement across the wide world of climate technology founders, funders, and builders.
So much has happened in climate tech and markets since 2007: orders of magnitude improvements in technology and orders of magnitude more deployment; $ trillions of investment and trade; industries changed, value created. Oh - and 30% of all anthropogenic CO2 emissions since 1751
What's next: more of the same, if you're a regular @climate reader; new things, if you're a @BloombergNEF client; and more projects and collaborations for anyone interested in bending our current climate curves, and shaping new positive ones too.
Read 5 tweets

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