Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Over 2.5 Million Electric Vehicles are Likely to Be Sold in 2020 with China Continuing to Be the Leader with a 53% Market Share
* Required Fields
Pay by invoice
As we move into the new decade, the electric vehicle (EV) industry is likely to experience total sales of over 2.5 million units (including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Majority of the European OEMs are likely to reduce PHEV models and introduce BEV models in their product lines. OEMs are revisiting their product mix to comply with emission norms and targets. Over 450 models—300 BEVs and 150 PHEVs—will be available for sale in 2020.The EV market grew by 8.8% year-on-year (y-o-y), registering the slowest growth in the decade. This low growth was mainly due to slowdown in sales on a global scale across China, Europe and the United States. By region, Europe experienced the highest growth in 2019. The slowdown was experienced from the second half of 2019 mainly in China due to the elimination of certain incentives. The country however continues to lead the market with over 52.5% market share followed by Europe and the United States with 26.0% and 14% shares respectively. Norway continues to lead in terms of penetration rate, at 60%, which is 5% higher than the 2018 level. BEVs dominate the market and have come out stronger in 2019 with a 74% share while PHEVs constitute the remaining 26%. Global policies favor the adoption of BEVs, which has reflected in their increased sales. A total of 345 models—221 BEVs and 124 PHEs—was available for sale in 2019. Over 320,000 public charging stations, including both AC and DC charging stations, were installed globally.In 2020, Europe will experience the highest growth as compared to other regions mainly due to the implementation of stringent emission norms. On similar terms, China is likely to experience a negative growth in EV sales since there is no clarity on the incentive revisions and the effects of Corona virus on the country. Non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio (Norway, Netherlands) offer these rather than cash incentives.The global EV battery recycling market generated a revenue of $10.3 million in 2018 and is expected to reach $6,524.2 million by 2025, expanding at a CAGR of 151.5%. Out of the revenue generated, hydro-metallurgical process constituted 59%, followed by pyro-metallurgical process at 39% and other recycling technologies at 2%. Current recycling processes for lithium-ion battery cells focus on the recovery of cobalt, nickel, and copper due to their comparatively high prices and ease of recovery in the pyro-metallurgical process. Other elements are mostly not recovered or undergo down-cycling. In this way, numerous hydro-metallurgical procedures have been created by different organizations – examples are the procedures created by Accurec and Toxco Inc. (presently Retriev Technologies Inc.).Author: Prajyot Sathe
Strategic Analysis of 5G Technology and Use Cases Transforming the Automotive Industry
Actionable Strategy Enabling the Prague Smart City Future
Intelligent Mobility 2020—Frost & Sullivan Research Survey Analysis and Results
Truck OEM Strategies for GHG/CO2 Regulation Compliance, 2020-2030
GROWTH OPPORTUNITIES IN AUTONOMOUS VEHICLES, LIDAR, NEURAL NETWORKS, AND BATTERIES
Adaptation of Adjacent Retail Initiatives Driving Automotive Retail Digitalization
Partial, Semi-autonomous Driving and EU General Safety Regulation Set to Propel Global Driver Monitoring System Market
Integration of Connected Farming Solutions is Driving Telematics Adoption in the Agricultural Machinery Sector
Life Cycle and Total Cost of Ownership (TCO) Analysis of Heavy, Medium, and Light Duty Trucks in Europe
Digital Transformation Enabling the New York Smart City Future
wearable electronics market
solar energy market
solar panel market
augmented reality market
mobile biometrics market
smart wearables market
glucose monitoring devices market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.