Market Information

The global EV outlook 2017

The Global EV Outlook published by OECD and IEA in 2017 mentions that in 2016 the global electric car stock reached 2 million vehicles (after surpassing 1 million in 2015). China became for the first time the country with the largest electric car stock - followed by the United States.

Based on country targets, announcements of OEMs and scenarios of EV deployments IEA indicates that the electric car stock will probably range between 9 million and 20 million by 2020 and between 40 million and 70 million by 2025.

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Electric Vehicles: Technology Brief

Published by IRENA in 2017 the Electric Vehicles Technology Brief focus on the technology status of EVs - both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), electric vehicles charging and the interaction with electricity grids and electric vehicle market projections.

The role of demand-side-management that can improve the integration of renewable power or smart charging systems that manage an efficient charging process are discussed.

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An integrated perspective on the future of mobility

In their study An integrated perspective on the future of mobility (Oct 2016) McKinsey & Company and Bloomberg New Energy Finance point out that “the mobility systems of the future are likely to be very different from what exists in most of the world today”. They identified three core mobility trends: vehicle electrification, shared mobility and autonomous driving.

According to the authors over the past five years the global electric vehicle sales have risen significantly due to “purchase subsidies, falling battery costs, fuel economy regulations, growing commitments from car companies, and rising interest from consumers”. In 2015 global sales grew by 60 percent to nearly 450,000 from 50,000 in 2011.

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The global EV outlook 2016

The Global EV Outlook published by OECD and IEA in 2016 mentions that in 2015 the threshold of one million electric cars on the road has been exceeded (with 1,26 million at the end of 2015). ”This is a symbolic achievement highlighting significant efforts deployed jointly by governments and industry over the past ten years. In 2014, only about half of today’s electric car stock existed. In 2005, electric cars were still measured in hundreds."

The future perspective shows even higher growth rates if the global sustainability targets shall be reached. According to the Global EV Outlook the EVI (Electric Vehicle Initiative) set a global target of 20 million electric cars by 2020; The Paris Declaration on Electro-Mobility and Climate Change and Call to Action sets 100 million electric cars and 400 million electric 2- and 3-wheelers by 2030 and the IEA 2DS (2C° scenario) sets even a target of 150 million electric cars by 2030.

Download the Global EV Outlook here