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Global Methane Tracker 2025 Accelerating industry action
…which includes knowledge-sharing and collaboration programmes to disseminate solutions. With the recent inclusion of PetroChina, the OGDC’s membership now accounts for around 40% of global oil and gas production. Several companies in China, including PetroChina, Sinopec and CNOOC, as well as pipeline operators and utilities, have also recently established the China Oil and Gas Methane Alliance to promote best practices. While this momentum is positive and some operators have taken demonstrable steps forward, globally the industry has yet to demonstrate consistent progress in methane reductions. Reducing methane is the single-most effective and cost-efficient way for the industry…
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Energy and AI Energy supply for AI
…meet nearly half of the additional demand, followed by natural gas and coal, with nuclear starting to play an increasingly important role towards the end of this decade and beyond.Coal, with a share of about 30%, is the largest source of electricity, though this varies significantly by region, with the highest contribution found in China. Renewables – primarily wind, solar PV and hydro – currently supply about 27% of the electricity consumed by data centres globally. Natural gas is the third-largest source today, meeting 26% of the demand, followed by nuclear with 15%. It should be noted that this analysis…
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Gas Market Report, Q2-2025 Executive summary
…including lower temperatures, leading to stronger gas use in buildings and the power sector. In contrast, gas demand growth slowed in Asia amid higher spot liquefied natural gas (LNG) prices and a milder winter in the People’s Republic of China (hereafter “China”). Tighter market fundamentals put upward pressure on gas prices across all key markets, while geopolitical tensions have also continued to fuel price volatility. Below-average growth in global LNG output together and lower piped gas exports from the Russian Federation (hereafter “Russia”) to the European Union have kept supply tight and increased the call on gas storage…
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Global EV Outlook 2025 Trends in electric car markets
Electric car sales Global electric car sales exceeded 17 million in 2024 More than 20% of new cars sold worldwide were electricElectric car sales topped 17 million worldwide in 2024, rising by more than 25%. Just the additional 3.5 million cars sold in 2024 compared to 2023 outnumber total electric car sales in the whole of 2020. China maintained its lead among major markets, with electric car sales exceeding 11 million – more than were sold worldwide just 2 years earlier. Global sales were slightly tempered by stagnating growth in Europe, as subsidies were phased out or reduced in several major markets, and…
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Global EV Outlook 2025 Trends in other light-duty electric vehicles
…transport segment in 2024, with more than 9% of the global fleet now electric. The global sales share of electric models remained at around 15% in 2024 with total electric model sales reaching 10 million. The electric sales share stalled in 2024, mostly due to the shrinking Chinese electric 2/3W market, although growth in other regions was steady. China, India and Southeast Asia remain the world’s largest 2/3W markets, accounting for around 80% of 2024 global sales, with 2/3Ws serving as the primary mode of private passenger transport in India and Southeast Asia. Electric 2/3Ws stand…
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Global EV Outlook 2025 Electric vehicle charging
…In 2024, more than 1.3 million public charging points were added to the global stock, representing an increase of more than 30% compared to the previous year. Just the charging points added in 2024 were approximately equal to the total number of points available in 2020. About two-thirds of the growth in public chargers since 2020 has occurred in China, which now has about 65% of the charging and 60% of the electric light-duty vehicle stock globally. In Europe, the number of public charging points grew more than 35% in 2024 compared to 2023, to reach just over…
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Global EV Outlook 2025 Electric vehicle batteries
…Electric truck battery demand was driven by growth in China, but demand also ramped up in Europe (about 25%), which accounted for about 10% of the global total. In 2024, EV battery demand grew by over 30% in China, and by 20% in the United States, in stark contrast with the European Union, where demand stalled. Battery demand in the United States nearly matched that of the European Union in 2024, in part as a result of its approximately 25% larger battery size per EV. Emerging markets and developing economies other than China continued to represent only a small share of global battery demand…
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Global Critical Minerals Outlook 2025 Executive summary
…and processing. Between 2020 and 2024, growth in refined material production was heavily concentrated among the leading suppliers. As a result, the geographic concentration of refining has increased across nearly all critical minerals, particularly for nickel and cobalt. The average market share of the top three refining nations of key energy minerals rose from around 82% in 2020 to 86% in 2024 as some 90% of supply growth came from the top single supplier alone: Indonesia for nickel and China for cobalt, graphite and rare earths. Our detailed analysis of announced projects suggests that progress towards more diversified refining supply...
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Global Critical Minerals Outlook 2025 Beyond NMC batteries: Supply chain issues for emerging battery technologies
…well as the anticipated impact of solid-state batteries in the years ahead, opening even more mineral supply chains.The LFP battery supply chain is significantly more concentrated in China compared to nickel-based supply chains, with over 98% of LFP cathode material and LFP battery cells produced in China, compared to less than two-thirds of nickel-based cathode material and 60% of nickel-based battery cells. China holds significant advantages in LFP production: access to low-cost raw materials from its highly integrated supply chain, cheaper and higher efficiency LFP production equipment and machinery with lower lead times…
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Global Critical Minerals Outlook 2025 Regional snapshots
…to support critical mineral supply, supported by national investment funds and cross-border partnerships. North America is leveraging financial incentives to stimulate private-sector investment. Latin America, rich in critical minerals, is projected to reach USD 154 billion in mining and refining value amid regulatory reforms to attract foreign capital. China, already dominant, is expected to grow from 45% to 50% of global refining market share. The rest of Asia is also emerging as a key player. Southeast Asia’s mining sector is set for rapid growth with a focus on nickel, cobalt and rare earths. Japan and Korea are…