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Today marks the publication of BNEF's 10th Electric Vehicle Outlook! Colin McKerracher, Andrew Grant, Aleksandra O'Donovan and a stellar cast of analysts have this year produced an outlook that is both a roadmap for the unstoppable growth of EVs, and a warning against complacency. Make no mistake: the EV market continues to grow, and electrification remains the primary (and only economical) pathway for the decarbonization of road transport. We still see EVs hitting 45% of global passenger vehicle sales by 2030, and 73% by 2040. But growth has slowed in some markets and policy support is not as solid as it once was. Some automakers have pushed back EV targets they were likely to miss. The current growth trajectory remains far short of what is needed to get to net zero by 2050, and recent news of rising trade barriers won't help to accelerate the transition. What's clear is that electrification is looking increasingly inevitable in all segments, from two-wheelers to buses and trucks - and the opportunities will be substantial. The question is whether the EV transition can move fast enough. For more, check out: https://lnkd.in/eEmVmgMn

The Global Battery Landscape as per BNEF EV Outlook 2024 The world is charging ahead with the demand for batteries, driven by the boom in electric vehicles, renewable energy storage, and portable devices. As we push for a greener future, it is crucial to innovate smarter, more sustainable battery technologies and recycling methods to support our renewable goals without compromising our planet. Key Takeaways: 1. Oversupply is most acute in China, where manufacturing capacity will exceed annual battery demand by at least 400% for the rest of the decade. 2. By the end of 2025, the global battery industry will be able to produce more than five times as many cells as the world will need that year. 3. As a result, some of the planned projects may be delayed or cancelled due to the industry’s overcapacity. Ford, for example, has ratcheted back its plans, citing a price war for battery-powered cars and trucks. 4. At the same time, the chemistries used to make batteries are changing. Lithium iron phosphate (LFP) batteries are gaining popularity for powering EVs, due to their competitive prices. As a result, BNEF cut its forecast for the amount of nickel used in batteries next year by 25%. #RenewableEnergy #SustainableFuture #BatteryTechnology #Innovation #GreenTech #CircularEconomy

Ready or not electric vehicles (EVs) are coming and will undoubtedly change the automotive industry. But what impact can we expect on retailers as we head down the Road to 2035? It's this question and more we answered, along with experts from OC&C Strategy Consultants and financial consultants from MHA, at our recent The Road Ahead for Automotive Retail Conference. Read our latest blog to find out what was discussed. #electriccars #carsales #EV

Electric vehicles are growing in popularity and market share. And as their numbers on the road grow, so does the cost and length of time it takes for collision shops to put these vehicles back together, according to an EV trends report by CCC Intelligent Solutions. https://lnkd.in/gvKFqpfU

💬 New Blog Post: Top 5 Predictions For the Electric Vehicle Industry These days, it’s no longer unusual to see electric vehicles (EVs) out on the roads. And while the ban on the sale of new petrol and diesel cars has been delayed until 2035, the EV industry is showing no signs of letting up. In this article, we’ll outline our top five predictions for the electric car industry that you should be keeping an eye out for in the coming months and years. 👇https://lnkd.in/eCR3xAX2

It's that time of the month again with the publication of Society of Motor Manufacturers and Traders (SMMT) new vehicle registration figures. The headline news is that this was the best performing February for 20 years EVs also came in with a new February high of 14,991 which, although this is an increase in market share from 2023, it's actually the same market share (17.7%) as February 2022 In absolute terms, despite the headwinds, EVs continue to steadily grow their numbers. Feb 2021 doesn't feel that long ago but the same registration figures were 3,516 & 9,776 YTD so we've come a long way in a short time However, we need keep to keep one eye on the ZEV mandate and what this may mean for car (and van) sales. At 15.8% vs 22% we're clearly a long way off hitting this target for this year, although it's a little more complicated than that and we have a long way to go Whilst manufacturers can play with pricing (although you have to be careful there due to the knock effect on RVs) and offer tactical discounts there's a limit to what they can do. However, they can also restrict the availability of all other fuel types which by default increases the % of EVs You can be sure that all manufacturers will be running the numbers to find the least expensive way to achieve the mandate #ev #evs #electricvehicles #electriccars

Strong growth still present in the electric vehicle segment but very disparate depending on the region or the automobile manufacturer.

As sales of electrical vehicles (EVs) have been super charged in the past few years in Europe, the supporting charging point infrastructure is struggling to keep up. While sales of BEVs across Europe has increase 17-fold since 2016, in the same time there was only a 6-fold increase in charging points. As European car owners continue to electrify, we have the supporting 1kV power cables to increase the roll out of charging infrastructure across the continent. Learn more here, https://lnkd.in/dN2WNHRu