Global Electric Vehicle Market Outlook, 2019

Global Electric Vehicle Market Outlook, 2019

Over 2.8 Million Electric Vehicles are Likely to be Sold in 2019 With China Being the Leader With 57% Market Share

RELEASE DATE
25-Mar-2019
REGION
North America
Research Code: ME4F-01-00-00-00
SKU: AU01812-NA-MO_22943
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Description

About 2 million electric vehicles were sold globally out of which 68.7% were battery electric vehicles (BEV) and 31.3% were plugin hybrid electric vehicles (PHEV) recording a y-o-y market growth of 57.3%. China retained its market leadership for the 5th consecutive year with a 55.5% share, selling approximately 1.1 million electric vehicles (75% of it being BEVs and 25% PHEVs) and recording a 63.5% y-o-y market growth. Approximately 2.4 million hybrid electric vehicles (HEV) were sold globally which includes both mild and full hybrid vehicles. APAC sales consisted of 60.3% followed by Europe with 22.0% market share. Canada (+137.4%), South Korea (+83.4%) and USA (+77.1%) were the top 3 countries to experience highest y-o-y growth. In Canada and South Korea it was mainly to due increased in number of models available and in the US it was the Tesla Model 3. For the first time, Tesla emerged as the market leader with the launch of Model 3. Tesla sold highest number of cars constituting to 11.8% (231,850 units) of the total market closely followed by BYD with 11.3% (222,743) market share. 207 models (143 BEVs and 64 PHEVs) were available for sale in 2018 as compared to 165 (109 BEVs and 56 PHEVs) in 2017. In 2019 were 45 models added to the list which consisted of 37 BEVs and 8 PHEVs. BMW became the first automaker to offer inductive charging on its BMW 530e iPerformance model at an additional cost of $3,700 including taxes ($1000 for the module on the vehicle and $2,700 for mounting the control box). Over 2.8 million electric vehicles are likely to be sold globally in 2019 in which 68% will be BEVs and 32% will be plug in hybrids. The EV market will account for 3% of the total passenger car market. China will continue to lead with over 58% market share followed by Europe and North America. More than 43 models are confirmed to be launched in 2019 in which 25 will be BEVs and remaining being PHEVs. The models will be a mix of small city cars, SUVs and performance vehicles. Africa, Middle East, Latin America and South Asia will be the next markets for electric vehicles that have the highest potential due to a heavy push from local government through incentives and subsidies for both automakers and car buyers. Incentives on EVs will be reduced in some countries such as China, UK, and USA. Cash incentives in US will be reduced by 50% ($3,750) as some automakers have surpassed 200,000 units sales. The competition will be tougher for foreign automaker in China as it will introduce stringent norms for automakers to promote electric vehicles by introducing a credit system. Automakers will require credits to produce conventional vehicles. For example, if an automaker wants to produce 100,000 conventional vehicles, it will require 10,000 credits which will be gained by producing 2,000 EVs.

Author: Prajyot Sathe

Table of Contents

Top Findings—Market Outlook

Key Predictions—2019

Electric Vehicles Sold in the Last Decade

EV Market Outlook 2018—Global

2019 Confirmed Launches

Regional Overview—Current Production Scenario

EV Start-up Hotspot by Region

OEM Battery Thermal Management Strategy

Giga-factories—Battle of Supply

Battery Specification Roadmap

Geographical Distribution of Charging Stations

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

Key OEMs or Participant Groups Compared in this Study

Top 2018 Global Economic Trends

Top 2019 Global Economic Predictions

Top 2019 Global Economic Predictions (continued)

Top 2019 Predictions—Advanced Economies

Top 2019 Predictions—Emerging Economies

World GDP Growth Snapshot

World’s 20 Fastest Growing Economies in 2018 and 2019

2018 Top Findings—Market Outlook

Top Findings—Voice of Consumer

Key Predictions—2019

Top Findings—Automakers

October 2018 EV and HEV Penetration Dashboard

Cost Benefit Analysis—Leasing vs. Owning

EV Market Outlook 2018—Global

EV Market Outlook 2019—Global

Electric Vehicles Sold in the Last Decade

Hybrid and Electric Vehicle Sales Mix to 2025

Hybrid and Electric Vehicle Sales Mix to 2025 (continued)

xEV Passenger Car Breakdown by Region—2025

Sales Forecast by Region and Technology

Top 20 EVs Sold in 2018

Monthly EV Sales by EV Type and Top 5 Selling Models

Sales by Top OEMs—2018 Vs 2019

HEV Market Outlook 2018—Global

Top 20 HEVs Sold in 2018

Monthly EV Sales by EV Type and Top 5 Selling Models

HEV Sales by Country—Top 10

Current and Future Outlook for 48v

Market Outlook—Europe

Market Outlook—North America

Market Outlook—China

Market Outlook—Japan

Market Outlook—South Korea

2019 Outlook—Europe

2019 Outlook—Americas

2019 Outlook—China

2019 Outlook—APAC

Key Regulations and Government Policies—Europe

Key Regulations and Government Policies—Europe (continued)

Key Regulations and Government Policies—USA

Key Regulations and Government Policies—Korea

Key Regulations and Government Policies—China

Key Regulations and Government Policies—China (continued)

Europe—EV Incentives

Europe—EV Incentives (continued)

Europe—EV Incentives (continued)

Europe—EV Incentives (continued)

USA—Tax Credit Program

USA—Tax Credit Program (continued)

USA—Tax Credit Program (continued)

USA—Tax Credit Program (continued)

USA and China—Tax Credit Program

Regional Overview—Current Production Scenario

Regional Overview—Asia’s Dominance

Regional Overview—Production Plants in China

Regional Overview—Europe’s Roadmap

Regional Overview—Shift to Europe?

Regional Overview—Li-Ion Production Expansion Plans, EU

LiB Manufacturing Targets Announced by Battery Makers

Active and Planned LiB Plants—Top 8 Manufacturers

Active and Planned LiB Plants—Top 8 Manufacturers (continued)

Giga Factories—Market Share Analysis

Giga-factories—Battle of Supply

Battery Supply Chain by Battery Cell Chemistry

Battery Portfolio—Battery Chemistry Adoption Trend (OEM)

Battery Portfolio—Battery Value Chain Mapping

Battery Portfolio—Battery Value Chain Mapping (Premium Segment OEM)

Current Benchmarking of OEM Sourcing Strategies

Market Snapshot

xEV Battery Specifications

Battery Specification Roadmap

IRE Safety Compliance Technologies

OEM Battery Thermal Management Strategy

Technology Roadmap by P-BTMS Solution

Future Trend in BTMS—Centralized Active Cooling

Battery Energy Storage Market (Residential)

Market Share of Battery Storage System Suppliers

Market Share of Battery Storage System Suppliers (continued)

Key EV Start-up Landscape Highlights

Funding Trends by Region

Potential Partnership Targets

First Level Snapshot of EV Start-up Landscape

Analysis of Startup’s Launch Year

EV Start-up Hotspot by Region

Analysis on Chinese EV Startup Market

Geographical Distribution of Charging Stations

Battery Thermal Management—Technology Roadmap

DC Fast Charging—Future Configurations and Requirements

Charging Stations by Top 10 States—The United States

Charging Stations by Country—Europe

Charging Stations by Country—China

AC Level 2+ Charging—The Future of AC Fast Charging

DC Fast Charging—Future Configurations and Requirements: CCS to CCS+

Electric Vehicle Charging Value Chain

EV Charging Ecosystem—Value Creation

Innovative Business Models—An Overview

Is Data Monetization the Next Big Wave in Charging?

Potential Revenue Sources

EV Charging Installation by Owner Type

Growth Opportunity

Strategic Imperatives for Electric Vehicle Market

Conclusion and Recommendations

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
About 2 million electric vehicles were sold globally out of which 68.7% were battery electric vehicles (BEV) and 31.3% were plugin hybrid electric vehicles (PHEV) recording a y-o-y market growth of 57.3%. China retained its market leadership for the 5th consecutive year with a 55.5% share, selling approximately 1.1 million electric vehicles (75% of it being BEVs and 25% PHEVs) and recording a 63.5% y-o-y market growth. Approximately 2.4 million hybrid electric vehicles (HEV) were sold globally which includes both mild and full hybrid vehicles. APAC sales consisted of 60.3% followed by Europe with 22.0% market share. Canada (+137.4%), South Korea (+83.4%) and USA (+77.1%) were the top 3 countries to experience highest y-o-y growth. In Canada and South Korea it was mainly to due increased in number of models available and in the US it was the Tesla Model 3. For the first time, Tesla emerged as the market leader with the launch of Model 3. Tesla sold highest number of cars constituting to 11.8% (231,850 units) of the total market closely followed by BYD with 11.3% (222,743) market share. 207 models (143 BEVs and 64 PHEVs) were available for sale in 2018 as compared to 165 (109 BEVs and 56 PHEVs) in 2017. In 2019 were 45 models added to the list which consisted of 37 BEVs and 8 PHEVs. BMW became the first automaker to offer inductive charging on its BMW 530e iPerformance model at an additional cost of $3,700 including taxes ($1000 for the module on the vehicle and $2,700 for mounting the control box). Over 2.8 million electric vehicles are likely to be sold globally in 2019 in which 68% will be BEVs and 32% will be plug in hybrids. The EV market will account for 3% of the total passenger car market. China will continue to lead with over 58% market share followed by Europe and North America. More than 43 models are confirmed to be launched in 2019 in which 25 will be BEVs and remaining being PHEVs. The models will be a mix of small city cars, SUVs and performance vehicles. Africa, Middle East, Latin America and South Asia will be the next markets for electric vehicles that have the highest potential due to a heavy push from local government through incentives and subsidies for both automakers and car buyers. Incentives on EVs will be reduced in some countries such as China, UK, and USA. Cash incentives in US will be reduced by 50% ($3,750) as some automakers have surpassed 200,000 units sales. The competition will be tougher for foreign automaker in China as it will introduce stringent norms for automakers to promote electric vehicles by introducing a credit system. Automakers will require credits to produce conventional vehicles. For example, if an automaker wants to produce 100,000 conventional vehicles, it will require 10,000 credits which will be gained by producing 2,000 EVs. Author: Prajyot Sathe
More Information
No Index No
Podcast No
Author Prajyot Sathe
Industries Automotive
WIP Number ME4F-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9882-A6,9AF6-A6,9B07-C1