Electric Vehicle Outlook 2018 - Bloomberg NEF - European ...

Our global long-term Electric Vehicle Outlook (EVO) forecasts EV adoption out to 2040 and the impact that electrification will have on ... Skiptocontent ElectricVehicleOutlook2018–BloombergNEF eurolithium2018-10-09T18:53:48+08:00October9th,2018|IndustryNews| Ourgloballong-termElectricVehicleOutlook(EVO)forecastsEVadoptionoutto2040andtheimpactthatelectrificationwillhaveonautomotiveandpowermarkets,aswellasonfossilfueldisplacementanddemandforkeymaterials. “Ourlatestforecastshowssalesofelectricvehicles(EVs)increasingfromarecord1.1millionworldwidein2017,to11millionin2025andthensurgingto30millionin2030astheybecomecheapertomakethaninternalcombustionengine(ICE)cars.Chinawillleadthistransition,withsalesthereaccountingforalmost50%oftheglobalEVmarketin2025.” PublicReportBloombergNewEnergyFinance Highlights By2040, 55%ofallnewcarsalesand33%oftheglobalfleetwillbeelectric. China isandwillcontinuetobethelargestEVmarketintheworldthrough2040. EVcosts. TheupfrontcostofEVswillbecomecompetitiveonanunsubsidizedbasisstartingin2024.By2029,almostallsegmentsreachparityasbatterypricescontinuetofall. E-buses. Busesgoelectricfasterthanlightdutyvehicles. Displacementoftransportfuel. Electrifiedbusesandcarswilldisplaceacombined7.3millionbarrelsperdayoftransportationfuelin2040. GotoTop