NEWS

IEA – Global EV Outlook
August 10, 2020

The Global EV Outlook is an annual publication from the International Energy Agency that examines recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI). Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand.

Some of the key highlights from the 2020 report:

  • Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7.2 million electric cars. Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase.
  • The report explores the outlook for electric mobility to 2030 through two IEA scenarios: the Stated Policies Scenario, which incorporates existing government policies, and the Sustainable Development Scenario, which is fully compatible with the climate goals of the Paris Agreement. Electric vehicles play a critical role in meeting the environmental goals of the Sustainable Development Scenario to reduce local air pollution and to address climate change. In this scenario, the global electric vehicle stock grows by 36% annually, reaching 245 million vehicles in 2030 – more than 30 times above today’s level. In the Stated Policies Scenario the global electric vehicle stock reaches nearly 140 million vehicles and accounts for 7% of the global vehicle fleet.
  • With the projected size of the global electric vehicle market, expansion of battery manufacturing capacity will largely be driven by electrification in the car market. The ongoing trend of increasing battery capacity is projected to continue. By 2030, battery electric vehicles are assumed to reach an average driving range of 350-400 km corresponding to battery sizes of 70-80 kWh.

You can read the full report here:

https://www.iea.org/reports/global-ev-outlook-2020#prospects-for-electrification-in-transport-in-the-coming-decade