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Global EV Penetration will Increase from 4.5% in 2020 to 6.1% in 2021
20-Jul-2021
North America
Market Outlook
MG28-01-00-00-00
AU02185-NA-MO_25597
In 2020, 3.2 million units were sold, of which 69.4% were Battery Electric Vehicles (BEVs) and 30.3% were Plug-in Hybrid Electric Vehicles (PHEVs). Europe emerged as a market leader with 43.3% market share for the first time in the history, overtaking China with 41.0%. Global EV penetration increased from 3.4% to 4.5% in 2020. Europe also recorded the highest Year-over- Year (YoY) growth of 137.1% in the last 6 years, helping to climb to the number one position in 2020, ahead of China. Tesla emerged as the global leader with sales of 499,512 units, followed by the VW Group with 423,871 units. Collectively, Tesla (15.2%) and VW Group (13.3%) held more than 28.5% of the EV market. Totally, 450,000 MWh of capacity has been delivered globally in the last 10 years, with 2020 delivering 139,000 MWh, 38% higher than in 2019.
EV charging installations surpassed 1.1 million points compared to 750,000 in 2019, with China (accounting for 61%) having the highest number of installations. The continuously evolving sensor suite, alternate powertrain, electrical/electronic architecture, power requirements, and new chassis platforms are being integrated on a skateboard architecture, which can be used for multiple powertrains.
Author: Prajyot Sathe
Key Highlights of the Electric Vehicle Market, 2020
Impact of COVID-19 on the EV Industry
The 2020 Global Electric Vehicle Market—Actuals Versus Forecast
Electric Vehicles Sold in the Last Decade
Global EV Market, 2020
EV Growth and Penetration—Top 10 Countries
EV Growth and Penetration—Top 10 OEMs
Hybrid Electric Vehicles Sold in the Last Decade
Global HEV Market, 2020
Top Predictions, 2021
Global EV Market, 2021e
EV Growth and Penetration, Top 10 OEMs
Global Uptake of xEVs, 2015 to 2030 (Favorable Scenario)
EV Sales Mix by Segment
Potential Key OEM Launches
EV Growth and Penetration—Top 10 Countries
COVID-19 Impact on World GDP Growth
Global Growth Scenario Analysis—Assumptions
World GDP Growth Under Differing Scenarios
COVID-19 Impact on Key Regions
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top-three Strategic Imperatives on Electric Vehicle Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Vehicle Segmentation
Europe—Key Highlights (BEV and PHEV)
Top Predictions for 2021—Europe
Europe—Historic EV Sales
Europe—Market Trends in 2020
Europe—Market Trends in 2021e
Market Transition—2019 Versus 2020
Europe—Top 10 Models
Impact of Incentives on EV Growth
Europe—Potential Launches
Europe—Key Highlights (FHEV and MHEV)
Europe—Historic HEV Sales
Europe—Market Trends in 2020
2019 Versus 2020
Europe—Charging Station Installations
Europe—Charging Station Installations
China—Key Highlights (BEV and PHEV)
Top Predictions for 2021—China
China—Historic EV Sales
China—Market Trends in 2020
China—Market Trends in 2021e
Market Transition—2019 Versus 2020
China—Top 10 Models
Market Evaluation Dashboard—China Overview
China—Potential Launches
China—Key Highlights (FHEV and MHEV)
China—Historic HEV Sales
China—Market Trends in 2020
Market Transition—2019 Versus 2020
China—Charging Station Installations
China—Charging Station Installations
Americas—Key Highlights (BEV and PHEV)
Top Predictions for 2021e—Americas
Americas—Historic EV Sales
Americas—Market Trends in 2020
Americas—Market Trends in 2021e
Market Transition—2019 Versus 2020
Americas—Top 10 Models
Impact of EV Incentives on EV Growth
Americas—Potential Launches
Americas—Key Highlights (FHEV and MHEV)
Americas—Historic HEV Sales
Americas—HEV Market Trends in 2020
Market Transition—2019 Versus 2020
Americas—Charging Station Installations
Americas—EV Charging Station Installations
APAC—Key Highlights (BEV and PHEV)
Top Predictions for 2021—APAC
APAC—Historic EV Sales
APAC—Market Trends in 2020
APAC—Market Trends in 2021e
Market Transition—2019 Versus 2020
APAC—Top 10 Models
APAC—Potential Launches
Impact of Incentives on EV Growth
APAC—Key Highlights (FHEV and MHEV)
APAC—Historic HEV Sales
APAC—Market Trends in 2020
Market Transition—2019 Versus 2020
APAC—Charging Station Installations
APAC—EV Charging Station Installations
MEA—Key Highlights (BEV and PHEV)
Top Predictions for 2021—MEA
MEA—Historic EV Sales
MEA—Market Trends in 2020
MEA—Market Trends in 2021e
Market Transition—2019 Versus 2020
MEA—Top 10 Models
The Middle East and Africa—Charging Station Installations and Impact of Incentives
MEA—Potential Launches
MEA—Key Highlights (FHEV and MHEV)
MEA—Historic HEV Sales
MEA—Market Trends in 2020
Market Transition—2019 Versus 2020
Current Trends and Dynamics
Ultra-fast Charging Trends
Charging Standards—Overview of DC
Charging Standards—Overview of DC (continued)
Charging Standards—Combined Charging System (CCS)
Potential Business Model—Ultra-fast Charging
Potential Business Models
Charging Standards—CHAdeMO, GB/T, ChaoJi ROADMAP
Charging Standards—CharIN Association (CCS)
Charging Standards—Tesla
EV Charging Roadmap, DC Charging Strategy of BEV OEMs
EV Roadmap—DC Charging Strategy of PHEV OEMs
Current Trends and Dynamics
EV Battery Second Life Trends
Secondary Life Applications
Establishment of a Circular Economy
Synergies and Partnerships between OEMs and Recycling Companies
Recycling and Reuse Market Outlook
Battery Reuse and Recycling—Installed Battery
Estimated Reuse and Recycling Capacity—Up to 2030
Reuse and Recycling of Lithium-based Batteries in EVs
Shared Stakeholder Responsibility (SSR)—Global Scenario
Battery Collection Targets by Country
Popular Lithium Battery Chemistries
Global EVs—2020 Split by Chemistries and Top 5 OEMs’ Battery Utilization
Global EVs—2020 Split by Chemistries and Suppliers’ Battery Capacity
Lithium Batteries Continue to Make Promising Gains
Evolution of Battery (Pack) Energy Density
Cost and Composition of a Typical Battery, 2020
Growth Opportunity 1—Electric Vehicles with Advanced Battery Packs for Improved Efficiency and Lower Cost
Growth Opportunity 1—Electric Vehicles with Advanced Battery Packs for Improved Efficiency and Lower Cost (continued)
Growth Opportunity 2—Electrification of Flagship Models with a Preference toward BEV with Ultra-fast Charging Capability
Growth Opportunity 2—Electrification of Flagship Models with a Preference toward BEV with Ultra-fast Charging Capability (continued)
Growth Opportunity 3—Evolving Business Models
Growth Opportunity 3—Evolving Business Models (continued)
Abbreviations And Acronyms Used
Key Conclusions and Future Outlook
List of Exhibits
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| Deliverable Type | Market Outlook |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Prajyot Sathe |
| Industries | Automotive |
| WIP Number | MG28-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9673-A6,9800-A6,9807-A6,9813-A6,9883-A6,9882-A6 |
Global Electric Vehicle Outlook 2021
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