Market Research Report
Light Duty Vehicle Electrification Overview - Global Forecasts for Light Duty Hybrid EV, Plug-In Hybrid EV, Battery EV, and Fuel Cell EV Sales and Populations, 2019-2030
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||934291|
|Published||Content info||46 Pages; 50 Tables, Charts & Figures
Delivery time: 1-2 business days
|Light Duty Vehicle Electrification Overview - Global Forecasts for Light Duty Hybrid EV, Plug-In Hybrid EV, Battery EV, and Fuel Cell EV Sales and Populations, 2019-2030|
|Published: April 30, 2020||Content info: 46 Pages; 50 Tables, Charts & Figures||
Global sales of light duty (LD) EVs grew by nearly 1 million vehicles from 2018 to 2019, for a sales growth of nearly 25%. This success coupled with strong hybrid EV (HEV) sales growth led to positive growth in the EV market in 2019-albeit with some areas of the market slowing, such as plug-in EV (PEV) sales in North America. In 2020, the introduction of several new SUV and crossover PEV models in North America as well as additional 48 V mild-hybrid vehicles coming to market in Europe is expected to propel growth. The electric pickup truck market will likely continue increasing PEV sales in North America as these models come to market in 2021 and beyond.
Further into the future, continuous improvements to vehicle technology economics are anticipated to propel sales growth. These improvements include battery innovations and government transportation policies that incentivize adoption of low emission vehicles and low carbon fuels. Growing interest in carbon pricing and increased charging infrastructure investments are expected to also improve PEV economics.
This Guidehouse Insights report provides an outlook on LD EV sales and populations to 2030 and includes passenger cars and light trucks with the following powertrains: HEVs, plug-in hybrid EVs (PHEVs), battery EVs (BEVs), and fuel cell EVs (FCVs). Forecasts are produced for three scenarios distinguished by varying assumptions (conservative, base, and aggressive) regarding future vehicle component costs, government incentives, and vehicle availability.