Table of Content

TABLE OF CONTENT


1 INTRODUCTION 9
1.1 COVID-19 HEALTH ASSESSMENT 9
1.2 COVID-19 ECONOMIC ASSESSMENT 11
1.2.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 12

2 MARKET OVERVIEW 15
2.1 INTRODUCTION 15
2.2 INSIGHTS ON EV SALES - 2020 Q1 WITH COVID-19 PANDEMIC EFFECT 15
2.3 ELECTRIC VEHICLE – AN OVERALL ECOSYSTEM 16
2.3.1 ELECTRIC VEHICLE ECOSYSTEM AND INDICATION OF IMPACT OF COVID-19 ON ECOSYSTEM 17
2.3.2 COMPANIES FROM ELECTRIC VEHICLE ECOSYSTEM & IMPACT ANALYSIS OF COVID-19 ON THEM 18
2.3.2.1 COVID-19: Company-specific developments (product/use cases, shift in short/long term strategies, geo-specific, partners) 21
2.4 MACRO-ECONOMIC INDICATORS 22
2.4.1 SHORT TERM DRIVERS 22
2.4.1.1 Constrained demand and availability of raw materials for battery 22
2.4.2 SHORT TERM RESTRAINTS 22
2.4.2.1 Impending economic downturn and the collapse of oil prices, making the future of EV sales uncertain 22

3 COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM 23
3.1 INTRODUCTION 24
3.1.1 RESEARCH METHODOLOGY 24
3.1.2 BOTTOM-UP APPROACH FOR ELECTRIC VEHICLE CHARGING MARKET 25
3.1.3 ASSUMPTIONS AND DEFINITIONS 25
3.2 COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM 26
3.2.1 REALISTIC SCENARIO: FORECAST 2020-2021 26
3.2.2 PESSIMISTIC SCENARIO: FORECAST 2020-2021 27
3.2.3 OPTIMISTIC SCENARIO: FORECAST 2020-2021 28
3.2.4 COVID-19 IMPACT ON GLOBAL ELECTRIC PASSENGER CAR MARKET 29
3.2.4.1 Presence of industry leaders like tesla and BYD to drive the segment 30
3.2.5 COVID-19 IMPACT ON GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET 31
3.2.5.1 Nationwide lockdown across the world would lead to sluggish growth of the segment 32
3.2.6 ELECTRIC VEHICLE CHARGING INFRASTRUCTURE 36
3.2.6.1 Government efforts to recover from covid-19 by stimulating charging infrastructure to drive the segment 36
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3.2.7 BIGGEST GAINERS AND LOSERS - ELECTRIC VEHICLE ECOSYSTEM MARKET 38
3.2.7.1 Biggest gainers: EV charging infrastructure 38
3.2.7.2 Biggest gainers: Electric vehicle component – batteries raw materials 39
3.2.7.3 Biggest losers: OEMs spread across regions with high EV demand 39

4 COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET, BY COUNTRY 40
4.1 INTRODUCTION 41
4.2 ASIA OCEANIA 42
4.2.1 CHINA 43
4.2.2 INDIA 44
4.3 EUROPE 44
4.3.1 GERMANY 46
4.3.2 FRANCE 46
4.3.3 NORWAY 47
4.3.4 SPAIN 47
4.4 NORTH AMERICA 48

5 COMPETITIVE LANDSCAPE AND COVID-19 49
5.1 INTRODUCTION 49
5.1.1 LONG-TERM IMPACT ON ELECTRIC VEHICLE COMPANIES & THEIR ECOSYSTEM 49
5.1.2 COVID-19: CURRENT STATUS AND UPCOMING CHALLENGES 50
5.1.3 COVID-19: LONG TERM IMPACT 50
5.2 RIGHT TO WIN DURING COVID-19 PERIOD 52
5.2.1 STRATEGIC ALLIANCES DURING COVID-19 52
5.2.2 A NEW LINE OF BUSINESS EMERGE: EV CHARGING EQUIPMENT AND SERVICES 52
5.2.3 STRATEGIC INVESTMENT DURING COVID-19 53
5.2.4 WINNING STRATEGIES TO GAIN THE MARKET MOMENTUM 53
5.2.5 TESLA’S STRATEGIES ON GAINING THE MARKET MOMENTUM 54

6 CONSUMER TREND OUTLOOK 55
6.1 INTRODUCTION 55
6.2 DISCONNECT FROM THE CONSUMERS 55
6.2.1 AUTOMAKERS DISCONNECTED FROM THE MARKET 55
6.2.2 DIFFICULT TO SUSTAIN WITH LIMITED CAPITAL LIQUIDITY DURING COVID-19 55
6.2.3 CONSUMER TRENDS – MIRED EV ADOPTION 56
6.3 CONNECT WITH THE CONSUMERS 56
6.3.1 CHINESE AUTOMAKERS ARE LOOKING FOR NOVEL WAYS TO REACH CUSTOMERS 56
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7 COVID-19 IMPACT ON ELECTRIC VEHICLE AND ELECTRIC VEHICLE INFRASTRUCTURE: KEY FINDINGS AND CONCLUSION 57
7.1 INTRODUCTION 57
7.2 PANDEMIC IMPACT ON ELECTRIC VEHICLE INDUSTRY 57
7.3 ELECTRIC VEHICLE INDUSTRY RELIES ON GOVERNMENT SUPPORT AMID COVID-19 58
7.4 HURDLES IN ADOPTION OF ELECTRIC VEHICLES 58
7.5 FINAL VERDICT: COVID-19 OUTBREAK POISED TO STRENGTHEN EV MOMENTUM 58

8 APPENDIX 60
8.1 KNOWLEDGE STORE 60
8.2 AUTHOR DETAILS 62



List of Figures



FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 9
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 10
FIGURE 3 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES BUT CURVES DEVIATE BASED
ON MEASURES TAKEN 10
FIGURE 4 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 11
FIGURE 5 CRITERIA IMPACTING THE GLOBAL ECONOMY 12
FIGURE 6 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 13
FIGURE 7 ELECTRIC VEHICLE ECOSYSTEM 16
FIGURE 8 COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM 17
FIGURE 9 IMPACT ON ELECTRIC VEHICLE OEMS 18
FIGURE 10 IMPACT ON CRITICAL COMPONENTS SUPPLIERS (SUCH AS BATTERY) 19
FIGURE 11 IMPACT ON ELECTRIC VEHICLE CHARGING INFRASTRUCTURE PROVIDERS 20
FIGURE 12 MARKET SIZE ESTIMATION METHODOLOGY FOR THE ELECTRIC VEHICLE MARKET: BOTTOM-UP APPROACH 24
FIGURE 13 REALISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2020 VS. 2021 (MILLION UNITS) 26
FIGURE 14 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2020 VS. 2021 (MILLION UNITS) 27
FIGURE 15 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2020 VS. 2021 (MILLION UNITS) 28
FIGURE 16 COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET, COMPARISON WITH MARKET SCENARIOS, 2020 VS. 2021 (MILLION UNITS) 29
FIGURE 17 COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET, REALISTIC MARKET SCENARIO, 2019 – 2021 (MILLION UNITS) 29
FIGURE 18 COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET, REALISTIC SCENARIO, BY REGION, 2019 – 2021 (MILLION UNITS) 30
FIGURE 19 COVID-19 IMPACT ON ELECTRIC COMMERCIAL VEHICLE MARKET COMPARISON WITH MARKET SCENARIOS, 2020 VS. 2021 (MILLION UNITS) 31
FIGURE 20 COVID-19 IMPACT ON ELECTRIC COMMERCIAL VEHICLE MARKET REALISTIC MARKET SCENARIO, 2019 – 2021 (MILLION UNITS) 31
FIGURE 21 COVID-19 IMPACT ON ELECTRIC COMMERCIAL VEHICLE MARKET, REALISTIC SCENARIO, BY REGION, 2019 – 2021 (MILLION UNITS) 32
FIGURE 22 COVID-19 IMPACT ON ELECTRIC BUS MARKET, COMPARISON WITH MARKET SCENARIOS, 2020 VS. 2021 (MILLION UNITS) 33
FIGURE 23 COVID-19 IMPACT ON ELECTRIC BUS MARKET, REALISTIC SCENARIO 2019 – 2021 (MILLION UNITS) 34
FIGURE 24 COVID-19 IMPACT ON ELECTRIC TRUCK MARKET, COMPARISON WITH MARKET SCENARIOS, 2020 VS. 2021 (UNITS) 35
FIGURE 25 COVID-19 IMPACT ON ELECTRIC TRUCK MARKET, REALISTIC SCENARIO 2019 – 2021 (UNITS) 35
FIGURE 26 ELECTRIC VEHICLE CHARGING INFRASTRUCTURE MARKET BY CHARGING STATION TYPE, 2020 VS 2021 (UNITS) 37
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FIGURE 27 COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET WITH AND WITHOUT COVID-19, BY COUNTRY, (MILLION UNITS) 41
FIGURE 28 ASIA OCEANIA: ELECTRIC VEHICLE MARKET WITH COVID-19 IMPACT, BY COUNTRY, 2020 VS. 2021 (MILLION UNITS) 42
FIGURE 29 EUROPE: COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET, BY COUNTRY 2020 VS. 2021 (?000 UNITS) 45
FIGURE 30 LONG TERM IMPACT OF COVID-19 ON ELECTRIC VEHICLE INDUSTRY 50

 

List of Tables



TABLE 1 REALISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2018-2021 (MILLION UNITS) 26
TABLE 2 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2018 - 2021 (MILLION UNITS) 27
TABLE 3 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON ELECTRIC VEHICLE ECOSYSTEM MARKET, 2018 - 2021 (MILLION UNITS) 28
TABLE 4 COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET, BY REGION 2018–2021 (MILLION UNITS) WITH REALISTIC SCENARIO 30
TABLE 5 COVID-19 IMPACT ON ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2018–2021 (UNITS) WITH REALISTIC SCENARIO 32
TABLE 6 COVID-19 IMPACT ON ELECTRIC COMMERCIAL VEHICLE MARKET BY VEHICLE TYPE, 2018–2021 (UNITS) WITH REALISTIC SCENARIO 33
TABLE 7 COVID-19 IMPACT ON ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) WITH REALISTIC SCENARIO 34
TABLE 8 COVID-19 IMPACT ON ELECTRIC TRUCK MARKET, BY REGION, 2018–2021 (UNITS) 36
TABLE 9 COVID-19 IMPACT ON NORMAL CHARGING STATIONS, BY REGION 2018–2021 (MILLION UNITS) 37
TABLE 10 COVID-19 IMPACT ON SUPER CHARGING STATIONS, BY REGION 2018–2021 (MILLION UNITS) 38
TABLE 11 ASIA OCEANIA: COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS) 42
TABLE 12 CHINA: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (UNITS) 43
TABLE 13 INDIA: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (UNITS) 44
TABLE 14 EUROPE: COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET, BY COUNTRY 2018–2021 (?000 UNITS) 45
TABLE 15 GERMANY: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (UNITS) 46
TABLE 16 FRANCE: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (USD BILLION) 46
TABLE 17 NORWAY: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (UNITS) 47
TABLE 18 SPAIN: COVID-19 ON IMPACT ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (UNITS) 47
TABLE 19 US: COVID-19 IMPACT ON ELECTRIC PASSENGER CAR MARKET BY PROPULSION TYPE, 2018–2021 (?000 UNITS) 48