Market Research Report
<2020.2H> Global xEV market and Battery supply & demand outlook (~2030)
|Published by||SNE Research||Product code||962867|
|Published||Content info||210 Pages
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|<2020.2H> Global xEV market and Battery supply & demand outlook (~2030)|
|Published: October 5, 2020||Content info: 210 Pages||
Recently, the rapidly developing global electric vehicle market has seen a crisis coming.
China, the world's largest electric vehicle market, announced to stop providing subsidies for electric vehicles from China's local governments. Moreover, the US, the second-largest electric vehicle market, has seen Tesla cutting down subsidies as well. Tesla is a brand that has sold the most electric vehicles. Accordingly, global electric vehicle markets have been declining and shrinking in the second half of 2019.
Despite some of the concerns regarding the 2019 electric vehicle market, its future and prospect still remain the same in the long term. In fact, China's market where consumers would depend on subsidies is expected to reborn after restructuring this year. Furthermore, the NEV policy of the Chinese government forces the 'vehicle makers' to sell a certain amount of electric vehicles in the future.
In addition, the U.S. and Europe region will see a switch to electric vehicles, due to strong vehicle fuel-efficiency regulations. Global big OEM automobile makers, including VW, have been speeding up their transition to electric vehicles since 2020.
Accordingly, Europe massively invests to produce secondary battery cells, aiming to take the lead in the secondary battery area, which is the core value of electric vehicles. The German government has extended the size and time for providing subsidies for electric vehicles, expecting to see the growth of the electric vehicle market.
Based on the governmental policies around the world and major vehicle manufacturers' plans for electric vehicle business, this report argues the predicted demand for electric vehicles and their secondary batteries together. Moreover, this report deals with the production capacity expansion plans and other future plans of top global secondary battery suppliers. On top of that, the expected supply of secondary battery is also debated here from the perspective of the suppliers.
We hope this report can help officials in secondary battery and electric vehicle industries, research securities and academia as well.