Rely on our Market Intelligence platform to get the latest trends on the Electric Vehicle Industry and anticipate the future of the sector.
You may also be interested in these reports, published by private publishers.
> View more reportsGlobal EV sales forecast to rise from 2.3m in 2019 to circa 10m in 2025 driving a 3x increase in total lithium chemical demand.
Global EV sales (excluding two/three-wheelers) reach 12 million in 2025 and nearly 23 million in 2030, increasing on average by 21% per year.
Electrification will drive an increase in the number of new and upgraded Grid Exit Points required to meet rapid EV uptake.
In the IEA New Policies Scenario (NPS) derived from existing climate commitments, electricity demand from the global EV fleet reaches almost 640 TWh in 2030, while in the more ambitious EV30@30 scenario, where EVs account for 30% of car sales by 2030, electricity demand reaches 1,110 TWh by 2030.
When sales of new hybrid-electric vehicles are included, EV sales totaled 705,000, making up 4.2% of all new light-duty vehicle sales in 2018.
By our estimates, the total global EV passenger vehicle fleet reached around 8m vehicles at the end of 2019 with new sales in 2019 being about 2.5m vehicles (or 2.8% of global passenger vehicle sales).
BMI expects lithium- ion battery manufacture to grow materially in coming years due to the expected expansion of the EV market and to a lesser extent anticipated greater use of battery storage for renewable energy sources and portable devices such as laptops and mobile phones.
Talk to Sam
+33 4 37 65 17 06
