EV & Battery Quarterly Outlook – Q3 2020 Highlights
September 08, 2020
Highlights from the presentation include:
– The market remains off year-ago levels. However, the recovery of growth in sales since the worst of the downturn in April has led us to revise our forecast upwards for the remainder of the year. We are now expecting market growth of 8% Y-o-Y.
– EV sales growth y-o-y in 2020 will be driven almost entirely by Europe, with sales in the region quickly catching up with China.
– Announced OEM electrification investments to 2025 now exceed USD 500 Billion. We provide an analysis of OEM EV targets versus our expectations for the market.
– Our Base case EV market outlook is now 31 million vehicles across all vehicle classes by 2030, with battery demand at 1,740 GWh in 2030.
The presentation can be viewed by registering here.
If you have any questions or comments on the presentation, or issues watching it then please get in touch.
To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business.
70 White Lion St.
N1 9PP London
+44 (0) 203 286 8936
Copyright © 2020 Rho Motion. All rights reserved.