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EnergyTrend predicts that the share of electric vehicles in the global automotive market will reach 5% in 2020 and 8%-9%
in 2023.
Electric vehicles will account for 5% of the global automotive market share by 2020
EnergyTrend, a green energy research arm of Taiwan's TrendForce, said the global electric vehicle market will continue to grow due to
higher oil prices, lower battery prices and stricter carbon dioxide emission indicators for vehicles.
Duff Lu, senior research manager at EnergyTrend, said that increasingly stringent CO2 emission targets have been the main growth driver
for the electric vehicle market.
In China, vehicle CO2 emissions are expected to be 119 g/km in 2020, compared to 200 g/km
in 2015.
In North America and Europe, the targets will reach 124 g/km and 95 g/km in 2020, compared to 150 g/km and 130 g/km
in 2015.
At the same time, the price of lithium-ion batteries for vehicles has fallen from $400-600 per kWh in 2016 to $250-300 per kWh in 2018 and is expected to reach less than
$200 per kWh in 2019.
According to EnergyTrend, the reduced cost and increased capacity of lithium-ion batteries may lead to the future use of electric vehicles currently designed for short- or medium-range driving that will also be used for medium- and long-haul driving of 400-600 miles, which will squeeze the market share of fuel cells
.
In addition, according to the survey, the current average price of lithium-ion batteries for electric passenger cars is about $15,000, and the price in 2020 will be less than $10,000, while the current fuel cell cost is about $
20,000.
，
EnergyTrend predicts that the share of electric vehicles in the global automotive market will reach 5% in 2020 and 8%-9%
in 2023.
Electric vehicles will account for 5% of the global automotive market share by 2020
Electric vehicles will account for 5% of the global automotive market share by 2020EnergyTrend, a green energy research arm of Taiwan's TrendForce, said the global electric vehicle market will continue to grow due to
higher oil prices, lower battery prices and stricter carbon dioxide emission indicators for vehicles.
Duff Lu, senior research manager at EnergyTrend, said that increasingly stringent CO2 emission targets have been the main growth driver
for the electric vehicle market.
In China, vehicle CO2 emissions are expected to be 119 g/km in 2020, compared to 200 g/km
in 2015.
In North America and Europe, the targets will reach 124 g/km and 95 g/km in 2020, compared to 150 g/km and 130 g/km
in 2015.
At the same time, the price of lithium-ion batteries for vehicles has fallen from $400-600 per kWh in 2016 to $250-300 per kWh in 2018 and is expected to reach less than
$200 per kWh in 2019.
According to EnergyTrend, the reduced cost and increased capacity of lithium-ion batteries may lead to the future use of electric vehicles currently designed for short- or medium-range driving that will also be used for medium- and long-haul driving of 400-600 miles, which will squeeze the market share of fuel cells
.
In addition, according to the survey, the current average price of lithium-ion batteries for electric passenger cars is about $15,000, and the price in 2020 will be less than $10,000, while the current fuel cell cost is about $
20,000.
，
