BNEF’s annual long-term forecast of global electric vehicle (EV) adoption to 2040.
Overview
Our global long-term Electric Vehicle Outlook (EVO) forecasts EV adoption out to 2040 and the impact that electrification will have on automotive and power markets, as well as on fossil fuel displacement and demand for key materials.
What’s new in the 2018 EV Outlook?
This year’s report includes an additional outlook for electric buses, detail on upcoming EV models, and a deeper analysis of the impact of ride hailing and autonomy on the car market. The Outlook also examines battery supply risks for cobalt, lithium and other materials, as well as the impact of EV and e-bus market penetration on the power, liquid fuel and battery materials markets.
“Our latest forecast shows sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars. China will lead this transition, with sales there accounting for almost 50% of the global EV market in 2025.”
