Market Research Report
Market Data - EV Market Forecasts: Global Forecasts for Light Duty Plug-In Hybrid and Battery EV Sales and Populations 2018-2030
|Published by||Navigant Research||Product code||209206|
|Published||Content info||34 Pages; 35 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - EV Market Forecasts: Global Forecasts for Light Duty Plug-In Hybrid and Battery EV Sales and Populations 2018-2030|
|Published: February 28, 2019||Content info: 34 Pages; 35 Tables, Charts & Figures||
Global 2018 plug-in EV (PEV) sales increased significantly from 2017, and growth in 2019 is likely to be strong again due to multiple deployments of long-range battery Evs (BEVs) in crossover classes. Tesla is also expected to reach full-scale production on the Model 3 and expand shipments of the vehicle to markets abroad. Long-term growth is propelled by improving vehicle technology economics, which is a function of battery innovations, government transportation energy policies, oil price projections, and movements to price carbon.
Though PEV market growth has been considerable, challenges remain. These include vehicle availability, consumer awareness, charging infrastructure, and threats from competing alternative fuels or fuel efficiency solutions. These challenges and threats are eroding with the natural cycle of technological development and concerted efforts by stakeholders (governments, automakers, and energy providers) to move the market toward lower emissions transportation, specifically electrification. Of the competing powertrain options, PEVs are close to becoming the leading conventional alternative and are best positioned to lead the future light duty vehicle (LDV) market.
This Navigant Research report analyzes the global market conditions and regulatory policies for PEVs. The study examines the next decade of the PEV market with a specific focus on how government interventions, vehicle economics, infrastructure, and automation will affect new markets and subsequent growth of the PEV population. The study provides sales and population forecasts to 2030 of major regions by PEV powertrain type: BEV and plug-in hybrid EV (PHEV). Forecasts are provided by segment under conservative, base, and aggressive scenarios alongside historical data on BEV, PHEV, and overall LDV sales.