Tag: renewable energy

Electric Mobility Services Market Is Driven by Increasing Environmental Concerns

The global electric mobility services market is witnessing growth. This development can be credited to the reasonably lesser price of ownership attached to the electric fleet, armed with the surging ecological worries throughout the world.

In recent years, the two-wheeler sharing category led the electric mobility services industry, based on service type. This is credited to the fact that apart from being a suitable, inexpensive, and quicker mode of traveling, e-two-wheeler sharing facilities also fulfill the requirement for last-mile traveling throughout the globe.

E-Mobility Services Market

The category is further divided into scooter sharing, bike sharing, and kick scooter sharing. Between them, the bike-sharing category had the largest industry share in recent years, credited to the enormous utilization of these services in China.

The passenger car category is further segmented into plug-in hybrid electric vehicles and battery-electric vehicles. Between them, the BEV category is responsible for the greater share in the industry in recent years, ascribed to the helpful government steps, in the form of incentives and strategy formulations, which inspire the acceptance of such vehicles, and the working advantages BEVs provide over plug-in hybrid electric vehicles.

In the past few years, last-mile commuting was the largest category in the industry, based on commuting patterns. Also, the category is projected to stay the largest industry in the projection period. This is mainly because e-mobility services offer ease to users, to commute even the shortest distances, from mass transportation spots, like metro stations and bus stops, to their terminus, therefore removing the requirement to walk down that distance.

In the past few years, many cities across China augmented the utilization of electric vehicles (EVs) across numerous service channels, to encourage a greener atmosphere. With constant backing from the government, in the form of strategies and incentives, the industry in China is projected to showcase strong growth in the near future.

Hence, the reasonably lesser price of ownership attached to the electric fleet, armed with the surging ecological worries throughout the world are the major factors propelling the industry.

Rare Earth Metals: Unearthing Innovation and Sustainability

It is rather unlikely that many people, except chemistry students, have heard of yttrium, scandium, lanthanum, praseodymium, cerium, neodymium, promethium, europium, samarium, gadolinium, terbium, holmium, dysprosium erbium, thulium, ytterbium, and lutetium. Collectively, this group of 17 is called rare-earth metals, the demand for which is increasing for many critical applications, such as electric vehicles, renewable energy, and advanced electronics. These metals are used in small amounts, but have potentials that make them vastly important.

EV Manufacturers Are Major End Users of These Metals

For instance, the Delhi government has proposed April 1, 2030, as the final date for cab, food, and e-commerce delivery companies to convert their whole fleet to EVs. Approximations with the state transport department demonstrate that the capital city of India has a minimum of 150,000 vehicles working under diverse cab aggregators, but it is generally a floating number, as these automobiles keep moving amid Delhi and NCR towns.

Continuing its belligerent push for the promotion of EVs, the government of Delhi aims to mandate all cab aggregators and corporations with delivery partners to guarantee that 5-to-100% of their new two-wheelers, three-wheelers, or cars are EVs in phases, within half a year to four years from the date of announcement of the policy.

How Do Rare-Earth Metals Make Power Generation Made Easy

The share of neodymium in clean energy technologies would rise from 16% to 41% over two decades, says the IEA. A 3-Megawatt direct-drive turbine comprises about 2 tons of permanent magnets made of this material. They are especially utilized in wind turbines, which are taking center stage as a renewable energy technology with a high potential.

For instance, India’s wind energy sector has an industrial base of around 10,000 MW per year. The nation is fourth in terms of the installed wind energy capacity across the globe, with a total of 39 GW in March 2021. Moreover, the country produced about 60 billion units of wind power in 2020–21. The state of Gujrat has the highest wind power potential, of around 143 GW at a height of 120 meters.

In all, around the world, the total installed capacity of windmills has risen from 6210,370 MW in 2019 to 731,763 MW in 2020, despite the economic disruption due to COVID-19. The addition trend has continued, with the total reaching 824,974 MW in 2021, amidst the economic recovery. These statics by the International Renewable Energy Agency clearly show that governments are keen on achieving their net-zero goals by 2050, which could mean a windfall for entities that mine, extract, and supply rare-earth metals for windmill turbine magnets.

Lasers: Another Clever Use of Rare-Earth Metals

Neodymium ions, in combination with yttrium aluminum garnet, are the mainstays of the laser industry. Now, scientists have effectively dissolved high concentrations of neodymium ions into alumina crystals, producing an exclusive ceramic-based laser material, which emits high-octane, ultrashort laser pulses. The combination material could empower smaller, more-powerful lasers that can capture light from outside and transmit a part of their own energy for the production of better laser light.