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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
25-Mar-2019
North America
Market Outlook
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
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)
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| Deliverable Type | Market Outlook |
|---|---|
| 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 |