Kompendium 5.0 Electric cars section Electric cars: Very different markets New registrations and best-selling models in the year 2020

New registrations BEV/PHEV: 302,929 New registrations BEV/PHEV: 105,709 1. Tesla Model 3 2. Tesla Model Y 1. Audi e-tron Market share 3. Chevrolet Bolt 2. Tesla Model 3 2.1% 4. Tesla Model X 3. Volkswagen ID3 5. Tesla Model S Market share 4. Leaf 78.8% 5. Hyundai Kona EV

World 2020 3,124,793 New registrations BEV/PHEV: 1,045,831 New registrations BEV/PHEV: 1,246,289

Market share 11.1% 1. Renault Zoe 1. Tesla Model 3 2. Tesla Model 3 2. Wuling HongGuangMini EV 3. Volkswagen ID3 Market share 3. E-Series 6.3% 4. Hyundai Kona EV 4. Great Wall Ora R1 / Black Cat 5. Audi e-Tron 5. GAC S

Quelle: ACEA, VDA; ev-sales.blogspot, 2021

Electric cars 2 Lithium ion cells: Asia dominates right now Share of installed, under construction and planned battery cell manufacturing By homecountry of the company By production sites

13%

7%

9,7%

17% 63%

14,0% 76,3%

Chinese companies (CATL, BYD, Lishen, CBAK etc.) Korean companies (LG Chem, SK, Samsung) Japanese companies (Panasonic, AESC) American companies (Tesla, Boston Power)

Source: PEM RWTH Aachen, 2019

Electric cars 3 China has secured large parts of the value chain Share of chinese companies in 2019 Raw materials (lithium, nickel, cobalt, etc.) Refining of raw materials (lithium carbonate, cobalt sulphat, etc.)

Production of anodes und cathodes Battery cell production

Quelle: Deutsche Rohstoffagentur, 2020; Automobilwoche, 2020

Electric cars 4 Cell manufacturing: a major part of the costs is location-independent Cost structure of a battery cell produced in Germany Total cost structure of manufacturing Cost structure of material costs by components 100%

90%

80% 42,3% Material 70% 59% Depreciation Kathode Maintenance 60% Anode Energy 50% 11,5% Elektrolyt Staff Separator Transport 40% 11,5% Housing Sales overhead 18% 30% Margin 13,5% 20% Location- independent 10% 21,2%

0%

Source: PEM RWTH Aachen, 2019; Avicienne Energy 2017+2018

Electric cars 5 Massive expansion: planned battery cell production in Europe

Microvast GmbH Morrow Batteries AS Freyr Northvolt AB TESLA 2021: 1,5 GWh 2024: 8 GWh 2023: 32 GWh 2021: 32 GWh 2022: 100 (?) GWh Later 6 GWh Later 32 GWh Later 40 GWh Later 250 (?) GWh

VW Group/Northvolt CATL Thuringia GmbH 2024: 16 GWh 2022: 14 GWh Later 24 GWh Later 100 GWh

AMTE Power Ltd. Farasis Energy GmbH 2023: 10 GWh 2024: 16 GWh Später 35 GWh

SVolt LG Chem Wroclaw 2023: 24 GWh 2020: 15 GWh

Groupe PSA InoBat AutoS 2022: 16 GWh 2020: 10 GWh Later 64 GWh

Leclanché GmbH SK Battery Hungary 2020: 1 GWh 2020: 7,5 GWh Later 2,5 GWh

Vektor Samsung SDI Hungary 2023: 16 GW 2020: 3 GWh Later 15 GWh

Sources: Solar Promotion GmbH, 2020; Battery-News, 2020; own creation; as of 24 th November 2020

Electric cars 6 Lithium: price increase completed

Asia Lithium Carbonate CIF Swa Europe Lithium Carbonate CIF S North America Lithium Carbonat + 25.000

► Lithium is highly reactive 20.000 und is therefore traded in the form of lithium carbonate. 15.000 ► After a pricing rallye until 2018 the price drops 10.000 again clearly. ► 80 percent of worldwide 5.000 lithium production comes from only four companies.

0

31.01.2010 30.09.2012 31.05.2018 31.01.2009 31.05.2009 30.09.2009 31.05.2010 30.09.2010 31.01.2011 31.05.2011 30.09.2011 31.01.2012 31.05.2012 31.01.2013 31.05.2013 30.09.2013 31.01.2014 31.05.2014 30.09.2014 31.01.2015 31.05.2015 30.09.2015 31.01.2016 31.05.2016 30.09.2016 31.01.2017 31.05.2017 30.09.2017 31.01.2018 30.09.2018 31.01.2019 31.05.2019

Source: Bloomberg, 2020 Spot prices for important raw materials

+ LME COBALT SPOT ($) LME NICKEL SPOT ($) LME COPPER SPOT ($) ► Prices for cobalt have 100.000 risen by a good 200 percent since March 2015 90.000 and have collapsed since 80.000 Mai 2018. They now are 70.000 on the level of before the price rallye. 60.000 ► Cobalt is mostly a by- 50.000 product of nickel and 40.000 copper production. Falling nickel and copper prices 30.000 dampen cobalt 20.000 production. 10.000 ► Cobalt production and 0 processing are under control of Chinese

companies.

01.01.2018 01.05.2010 01.09.2010 01.01.2011 01.05.2011 01.09.2011 01.01.2012 01.05.2012 01.09.2012 01.01.2013 01.05.2013 01.09.2013 01.01.2014 01.05.2014 01.09.2014 01.01.2015 01.05.2015 01.09.2015 01.01.2016 01.05.2016 01.09.2016 01.01.2017 01.05.2017 01.09.2017 01.05.2018 01.09.2018 01.01.2019 01.05.2019 Source: Bloomberg Germany counts for 30 percent of new registrations New registrations of electric cars in 2020 in the EU – number of units (Stand: Q3)

1400000

1200000

1000000

800000

600000

400000

200000

0

BEV PHEV

* No data for Bulgaria und Kroatia Source: ACEA, 2020

Electric cars 9 Registrations of electric cars: Large regional differences Market share of electric cars in EU 27+UK – indicate in percentage

35%

30%

25%

20%

15%

10%

5%

0%

BEV PHEV

* No data for Bulgaria und Kroatia Source: ACEA, 2020

Electric cars 10 Electric vehicles are concentrated in a few countries Cumulated new registrations of BEVs and PHEVs in EU and EFTA since January 2010

4.500.000

4.000.000

3.500.000

3.000.000

2.500.000

2.000.000

1.500.000

1.000.000

500.000

0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 10 10 10 10 11 11 11 11 12 12 12 12 13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 Germany UK France Norway Sweden Netherlands Rest of EU15 and EFTA New EU+Tabelle11!$91:$91 Members

Source: ACEA, 2021

Electric cars 11 Agricultural vehicles: Alternative drives still at the beginning of the road Market shares of agricultural vehicles with alternative drives in EU 27+UK – indicate in percentage

ECV-Rechargeable on the mains Hybrides Natural gas Other (LPG+E85) 8,0%

7,0%

6,0%

5,0%

4,0%

3,0%

2,0%

1,0%

0,0%

*No data for Bulgaria, Kroatia, Malta, Lithuania Source: ACEA, 2020

Electric cars 12 Only a few vehicles on the road

Only a fraction of the fleet has got an alternative drive Only a fraction of the fleet has got an alternative drive Share of alternative drives in the passenger car fleet in 2018 Share of alternative drives in the stock of light commercial vehicles in 2018

3,0% 1,4% 1,3%

1,2% 2,5% 2,4%

1,0% 2,0%

0,8% 1,5% 0,6%

1,0% 0,7% 0,4% 0,3%

0,5% 0,4% 0,3% 0,2%

0,0% 0,0% 0,0% 0,0% 0,0% ECV - Hybrides Fuel cell Natural gas Other (LPG+E85) ECV - Rechargeable Hybrides Fuel cell LPG and natural gas Rechargeable on on the mains the mains

Source: ACEA, 2020

Electric cars 13 Charging infrastructure is concentrated in a few countries

Charging stations Of which > Public charging stations Country 2020 22kW Share in the EU EU27 199,825 25,288 100% < 499 Niederlande 66,664 2,428 29.69% 500 – 999 Frankreich 46,045 4,045 20.51% Deutschland 44,669 7,456 19.89% 1,000 – 4,999

Italien 13,381 1,231 5.96% 5,000 – 9,999 Schweden 10,412 1,608 4.64% Belgien 8,482 476 3.78% 10,000 – 20,000 Österreich 8,232 1,347 3.67% 20,000 – 34,999 Spanien 8,165 2,120 3.64% Finland 3,728 484 1.66% 35,000 - 49,999 Dänemark 3,254 555 1.45% Portugal 2,470 494 1.10% ≥ 50,000 Polen 1,687 648 0.75% Ungarn 1,295 287 0.58% Tschechien 1,200 610 0.53% Irland 1,102 290 0.49% Luxemburg 1,063 12 0.47% Slowakei 925 269 0.41% Slowenien 747 135 0.33% Kroatien 670 187 0.30% Rumänien 502 185 0.22% Estland 424 201 0.19% Griechenland 334 81 0.15% Lettland 314 235 0.14% Bulgarien 195 76 0.09% Litauen 179 100 0.08% Malta 101 0 0.04% United Kingdom 33,470 6,248 Brexit

Sources: ACEA, 2020 Electric cars 14 Public charging stations - a chicken-and-egg problem So far, there are only a few BEVs per public charging point 20 + 18 ➢ A dense network of public charging points is needed for 16 BEVs to spread on the mass 14 market. ➢ However, with only a few 12 charging processes per 10 charging point, their operation is not 8 economically viable. 6 ➢ The situation is aggravated 4 by the fact that today 80 percent of charging 2 processes take place at non- 0 public charging points. ➢ Problem: The lamppost parker needs the public network, but the current owner of a BEV usually does Charging point per BEV 2019 Cgarging point per BEV 2020 not.

Quelle: EAFO, 2021

Electric cars 15 Energy mix decides on climate friendliness

CO2-emissions of energy production and electric cars

CO2-emissions of energy production With a consumption of 20 kWh/100km emitted by an electric in gCO2/kWh car in gCO /km 800 160 2 718 143,6 700 140 623 124,6 600 120 522 104,4 500 100 437 86,6 87,4 433 417 83,4 400 80

294 58,8 300 60

200 40

100 20 8 1,6 0 0

Source: IEA, CO2-Emissions from Fuel Combustion, 2019, own calculations

Electric cars 16 Efficiency edge for BEV, but efficiency is not all Energy efficiency in the Well to Wheel perspective by diverse energy storage systems BEV Wasserstoff Synthetische Kraftstoffe But:

Well to Tank 100%100% Erneuerbare Renewable energyEnergie 100%100% Erneuerbare Renewable energyEnergie 100%100% Erneuerbare Renewable energyEnergie ► Technical efficiency is 30%30% Verlust Loss 30%30% Verlust Loss different from system Elektrolyse efficiency. ► Hydrogen and synthetic fuels CO2 Air Capture, FT 37%37% Verlust Loss Synthese achieve higher weight- and volume-specific energy 26% Verlust Transportation, stock, 5% Energieverlust densities. distribution ► Both are better suited for the Energy efficiency of 95% 52% 44% indispensable energy import. fuel production ► Synthetic fuels can 52% of Tank to Wheel 95% of energy 44%44% of energyder decarbonize vehicle stock. energy Energie Inverter AC/DC 5% loss of energy ► Even in the most optimistic scenarios, direct Battery charging 5% loss of energy electrification is not sufficient system Compressor, -50% to meet the climate targets in compression transportation. 5% loss of energy Inverter DC/AC -5% Conclusion Engine 10% loss of energy -10% -70% All alternatives will be needed to achieve the climate targets in Well to Wheel 73% 22% 13% transport. Energy efficiency

Source: Transport & Environment, 2019

Electric cars 17 The speed makes the difference

CO2-emissions of middle class passenger cars with different drive variants and driving speeds

250 HBEFA cycles with 0% slope

200

150

100 CO2 in g/kmCO2 50

0 0 20 40 60 v in km/h 80 100 120 140 Euro 6 diesel Plug-In-Hybrid Tank-to-Wheel Euro 6 gasoline engine Plug-In-Hybrid Well-to-Wheel

Source: TU Graz, 2018

Electric cars 18