We are at the very beginning of the EV cycle. Today, there are 3m electric vehicles on the world’s roads, but this could rise to 300m by 2040. This implies EVs, as a proportion of new registrations of the world’s passenger vehicles, will rise from barely 1% in 2017 to over 15% by 2030. Large scale commercial production of EVs by the big car makers is unlikely to take off until 2025.
Power utilities are showing increased interest in EV programs. Utility programs are offering discounts and rebates on the purchase of EVs or charging equipment, free smart charge installation, along with EV time-of-use plans (on-peak and off-peak rate plans) for EV owners.
- This report focuses on electric vehicles, but also touches on the connected car theme.
- It identifies winners and losers in areas such as batteries, electric power trains, assembly, and charging stations.
- It contains global market size and growth forecasts for electric vehicles, as well as market share figures.
- Includes a timeline highlighting key milestones in the story of vehicle electrification.
- It identifies the impact of electric vehicles on power utilities.
Reasons To Buy
- Electric vehicles are having a major disruptive effect on the automobile industry.
- This report highlights the key trends in electric vehicles, analyzes each of the key segments of the electric vehicle value chain.
- Identifies both the companies best positioned to succeed in this theme and those that are lagging behind, and also identifies the impact of electric vehicles on power utilities.