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    Home > Chemicals Industry > International Chemical > In May 2019, the cumulative global sales of electric vehicles will exceed 5 million units

    In May 2019, the cumulative global sales of electric vehicles will exceed 5 million units

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    According to a new report released by BloombergNEF, cumulative global sales of electric vehicles will reach 4 million this
    week.
    However, if you add in the sales of e-buses, the 4 million milestone was already broken
    in early July.

    In May 2019, the cumulative global sales of electric vehicles will exceed 5 million units

    BloombergNEF analysts provided hypotheses for this achievement, calculating that while it took more than 60 months to reach the first 1 million electric car sales, it took only six months to achieve 4 million
    .
    Given this growth trend, analysts expect cumulative global EV sales to reach 5 million by
    May 2019.

    Not only has the speed of electric vehicles being introduced changed, but so has the global distribution
    .
    For the first million sales reached in the fourth quarter of 2015, North America was the most important contributor with 39%, followed by Europe with 33% and China with only 15%.

    However, since 2011, China now accounts for 37% of global passenger electric vehicle sales and about 99%
    of electric buses.
    The trend is likely to continue, with analysts expecting 42 percent of the next fifth 1 million units sold to be in China, while Europe is expected to account for around 26 percent and North America for 25 percent
    .

    Recently, it was reported that 1 million electric vehicles have been put on the road
    in Europe.
    By May 2019, analysts expect that number to increase to 1.
    3 million.

    Similarly, China's recently introduced quota for new energy vehicles will take effect in 2019, helping to further accelerate sales
    .

    Electric vehicle battery second life use case

    Soaring EV sales figures have recently sparked growing interest in secondary EV battery use cases
    .
    According to an independent report published by IDTechEx, batteries are the most expensive component
    in electric vehicles.

    By the end of its life, the battery still retains 70-80% of its initial capacity, and many use cases arise from this, mainly in fixed storage applications
    .
    The 2.
    8 MWh storage system, recently installed at the Johan Cruijff ArenA in Amsterdam, is an example
    .
    The system combines a power conversion unit supplied by Eaton, an American power management company, with batteries equivalent to 148 new Nissan and second-generation Nissan
    LEAFs.

    While the first electric vehicles are now just reaching the end of their life, analysts say there will be about 3 million battery packs available for second use by 2029, representing 108 GWh of usable storage capacity
    .

    In October last year, BloombergNEF said in a separate report that the global energy storage market will reach 305 GWh
    by 2030.
    As a result, secondary EV batteries may account for one-third
    of the storage unit.

    According to a new report released by BloombergNEF, cumulative global sales of electric vehicles will reach 4 million this
    week.
    However, if you add in the sales of e-buses, the 4 million milestone was already broken
    in early July.

    Electric vehicle

    In May 2019, the cumulative global sales of electric vehicles will exceed 5 million units

    In May 2019, the cumulative global sales of electric vehicles will exceed 5 million units

    BloombergNEF analysts provided hypotheses for this achievement, calculating that while it took more than 60 months to reach the first 1 million electric car sales, it took only six months to achieve 4 million
    .
    Given this growth trend, analysts expect cumulative global EV sales to reach 5 million by
    May 2019.

    Not only has the speed of electric vehicles being introduced changed, but so has the global distribution
    .
    For the first million sales reached in the fourth quarter of 2015, North America was the most important contributor with 39%, followed by Europe with 33% and China with only 15%.

    However, since 2011, China now accounts for 37% of global passenger electric vehicle sales and about 99%
    of electric buses.
    The trend is likely to continue, with analysts expecting 42 percent of the next fifth 1 million units sold to be in China, while Europe is expected to account for around 26 percent and North America for 25 percent
    .

    Recently, it was reported that 1 million electric vehicles have been put on the road
    in Europe.
    By May 2019, analysts expect that number to increase to 1.
    3 million.

    Similarly, China's recently introduced quota for new energy vehicles will take effect in 2019, helping to further accelerate sales
    .

    Electric vehicle battery second life use case

    Electric vehicle battery second life use case

    Soaring EV sales figures have recently sparked growing interest in secondary EV battery use cases
    .
    According to an independent report published by IDTechEx, batteries are the most expensive component
    in electric vehicles.

    By the end of its life, the battery still retains 70-80% of its initial capacity, and many use cases arise from this, mainly in fixed storage applications
    .
    The 2.
    8 MWh storage system, recently installed at the Johan Cruijff ArenA in Amsterdam, is an example
    .
    The system combines a power conversion unit supplied by Eaton, an American power management company, with batteries equivalent to 148 new Nissan and second-generation Nissan
    LEAFs.

    While the first electric vehicles are now just reaching the end of their life, analysts say there will be about 3 million battery packs available for second use by 2029, representing 108 GWh of usable storage capacity
    .

    In October last year, BloombergNEF said in a separate report that the global energy storage market will reach 305 GWh
    by 2030.
    As a result, secondary EV batteries may account for one-third
    of the storage unit.

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