As EV sales accelerate, biofuels growth is coasting
BOULDER, Colo., Feb. 14, 2024 /PRNewswire/ — A new report from Guidehouse Insights explores approaches to decarbonization in the transportation industry.
Biofuels have been helping to decarbonize the transportation sector for decades. According to Guidehouse Insights, more recently, however, electrification has drawn increased attention and interest as evidenced by a spike in EV sales.
“Decarbonization in the transportation industry stands at a crossroads while many factors are driving faster and deeper adoption of EVs, including government incentives, lower prices, and improved performance,” says Peter Marrin, senior research analyst with Guidehouse Insights. “At the same time, biofuels continue to evolve to include new drop-in products that will target applications beyond road transport to also include transoceanic shipping and aviation.”
Guidehouse Insights recommends policymakers offer clear net-zero signposts and incentives; biofuel producers create a roadmap for future opportunities; and automakers should look down the road to new opportunities. Battery makers are key to driving down EV prices, according to the report.
The report, EVs Are Offering Stiff Competition to the Biofuels Market, reviews how these market trends are forcing automakers, biofuels producers, and other industry stakeholders to readdress their approaches to decarbonizing transportation. It also provides detailed and actionable recommendations for industry participants to address this new phenomenon. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 16,000 professionals in over 55 locations globally. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, EVs Are Offering Stiff Competition to the Biofuels Market, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights
