Electric car sales climbed by 65 per cent in 2018 and reached the 2.0 million unit mark, as preliminary numbers suggest.This corresponds to a 2.1 per cent share of global car sales.China´s EV market share climbed to 53 per cent, i.e. the country sold more EVs than the rest of the world.
The glass ceiling of global clean energy investment – new BNEF numbers cast doubt on market approach
Bloomberg (BNEF) reported today a first estimate on global investment in clean energy in 2018. It dropped 8 per cent to $332.1bn.
The good news is that falling cost of wind turbines and solar panels somehow blur the impact of this sum. In terms of sectors, only wind and solar attracted more than $10bn :
- Wind investment was down 3% to $128.6bn (hereof offshore +14% to $25.7bn)
- Solar investment was down 24% to $130.8bn (mainly due to a 53% slump in Chinese investment to $40.4bn)
In geographical terms, the downturn was mainly due to China where investment was down 32% to $100.1 billion. That was still enough to keep the top spot, followed by the U.S. (+12%), Japan (-16%), India (-21%) and Germany (-32% to $10.5bn).
The authors expect another reduction of both costs and overall investment in 2019. This would be bad news for #wind turbine and #PV cell/module makers.
The really disappointing news, however, is the stagnation of clean energy investment for nine years in a row, as the chart shows. Since the year 2010, […]
Bejing has greenlighted SPIC´s giant onshore wind project in the northern wind-rich province of Inner Mongolia (Ulanqab), Recharge News and Asian Power report.
Solar expert Finlay Colville recently presented the 2018 ranking of solar cell producers. In a nutshell, Chinese PV companies strengthened their position, in line with Beijing´s NDRC plan to dominate specific global growth industries.
1. About ten years ago the Chinese PV industry accelerated global expansion and strengthened the vertical value chain within China (module, cell, wafer, ingot, poly). But they still faced strong competition from high-quality pure cell producers in Taiwan, Japan and Germany and from thin-film specialists such as FirstSolar (U.S.).
2. Soon after, the Japanese and German producers were outcompeted via costs. Over time, even Taiwanese cell producers such as Hanwha Q-CELLS were unable to keep pace with the extremely fast expansion plans of their (mainland) Chinese competitors.
3. In the next step, even Chinese pure-play cell producers such as Tongwei and Aiko set up a blistering pace of investment with multipes of 5 GW factories, disregarding any risk of oversupply and financial losses.
Today, the chart shows that 8 out of the Top 10 PV cell producers are Chinese companies, joined by Hanwha Q-CELLS (Korea) and […]
What is the state of the Chinese economy? Growth estimates for 2018 differ widely between the official 6.x percent, down to less than 2 per cent.
A strong indicator of weakness is the official car sales number for 2018. It declined, for the first time since 1990, by almost 6 per cent to 22.7 million units. December numbers were even 19 percent below last year, as Bloomberg (CAAM) reported.
The market of combustion engine cars (i.e. gasoline or diesel driven) suffered even more because the sales numbers of electric cars rose, thanks to generous government and municipal support. The fleet of new battery-electric cars (BEV) and plug-in hybrids grew strongly to over 1 million units in 2018 and may reach 1.6 million units in 2019 as strict quotas come into force.
But problems are not confined to the Chinese market. The headline-grabbing diesel car scandals may mask a global sales crisis of gasoline/diesel cars, as a recent study by RBC Capital suggests (see image above). Main reasons are urban smog policies, quickly […]