Global EV Outlook 2017 Two Million and Counting

Total Page:16

File Type:pdf, Size:1020Kb

Global EV Outlook 2017 Two Million and Counting Global EV Outlook Two million and2017 counting INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – two-fold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA carries out a comprehensive programme of energy co-operation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency’s aims include the following objectives: n Secure member countries’ access to reliable and ample supplies of all forms of energy; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions. n Promote sustainable energy policies that spur economic growth and environmental protection in a global context – particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. n Improve transparency of international markets through collection and analysis of energy data. n Support global collaboration on energy technology to secure future energy supplies and mitigate their environmental impact, including through improved energy efficiency and development and deployment of low-carbon technologies. n Find solutions to global energy challenges through engagement and dialogue with non-member countries, industry, international organisations and other stakeholders. IEA member countries: Australia Austria Belgium Canada Czech Republic Denmark Estonia Finland France Germany Greece Secure Sustainable Hungary Together Ireland Italy Japan Korea Luxembourg Netherlands New Zealand Norway Poland Portugal Slovak Republic © OECD/IEA, 2017 Spain International Energy Agency Sweden Website: www.iea.org Switzerland Turkey United Kingdom Please note that this publication United States is subject to specific restrictions that limit its use and distribution. The European Commission The terms and conditions are also participates in available online at www.iea.org/t&c/ the work of the IEA. © OECD/IEA 2017 Global EV outlook 2017 Two million and counting Table of contents Executive summary ........................................................................................................................... 5 Introduction and scope ..................................................................................................................... 8 Introduction .................................................................................................................................. 8 Page | 1 The EVI ........................................................................................................................................... 9 Scope of this report ..................................................................................................................... 10 Data sources ................................................................................................................................ 11 EV deployment ................................................................................................................................ 12 Electric cars ................................................................................................................................. 12 Market evolution ..................................................................................................................... 12 Policy support .......................................................................................................................... 13 Vehicle stock ............................................................................................................................ 21 Progress towards deployment targets .................................................................................... 22 Other modes ............................................................................................................................... 27 Low-speed electric vehicles ..................................................................................................... 27 Two-wheelers and three-wheelers ......................................................................................... 27 Electric buses ........................................................................................................................... 28 Electric vehicle supply equipment .................................................................................................. 29 Standards and types of chargers ................................................................................................. 29 Historical developments.............................................................................................................. 31 EVSE policy support ..................................................................................................................... 32 Overview ................................................................................................................................. 32 National and supra-national policy frameworks ..................................................................... 33 Policy needs best addressed by cities and local administrations............................................ 36 Prospects for future EVSE deployment ....................................................................................... 39 Challenges and opportunities for the power sector ....................................................................... 41 Impact of EVs on the power system ............................................................................................ 41 Mitigating the potential impacts of EV charging ......................................................................... 42 Conclusion ....................................................................................................................................... 46 Statistical annex .............................................................................................................................. 48 Electric car stock .......................................................................................................................... 49 Electric cars: New registrations ................................................................................................... 50 Electric cars: Market share .......................................................................................................... 51 EVSE ............................................................................................................................................. 52 Global EV outlook 2017 © OECD/IEA 2017 Two million and counting EV support policies annex ............................................................................................................... 53 References ....................................................................................................................................... 56 Acronyms, abbreviations and units of measure.............................................................................. 65 Acronyms and abbreviations ....................................................................................................... 65 Page | 2 Units of measurement ................................................................................................................ 66 List of figures Figure 1 ● Evolution of the global electric car stock, 2010-16 .................................................................. 5 Figure 2 ● Deployment scenarios for the stock of electric cars to 2030 .......................................................... 6 Figure 3 ● GHG emission budgets and emission trajectories to 2100 for the energy sector, 2DS and B2DS................................................................................................................................... 8 Figure 4 ● EVI member countries and country coverage of the Global EV Outlook 2017 ............................. 11 Figure 5 ● Electric car sales, market share, and BEV and PHEV sales shares in selected countries, 2010-16 ......................................................................................................................... 12 Figure 6 ● Evolution of battery energy density and cost ............................................................................... 14 Figure 7 ● Comparative cost of PLDV technologies by country/region in the 2DS, 2015 and 2030 .............. 20 Figure 8 ● Evolution of the global electric car stock, 2010-16 ....................................................................... 22 Figure 9 ● Deployment scenarios for the stock of electric cars to 2030 ........................................................ 25 Figure 10 ● On-road well-to-wheel CO2 emissions for PLDVs for various powertrain technologies by country or region: RTS and 2DS, 2015 to 2030 .................................................... 26 Figure 11 ● Global EVSE outlets, 2010-16 ...................................................................................................... 31 Figure 12 ● Electric car stock and publicly available EVSE outlets by country and type of charger, 2016 ..................................................................................................................... 32 Figure 15 ● Charging
Recommended publications
  • Report on Emerging Automakers in China in 2018 (Corporate Reach & Connectivity Functions)
    Report on Emerging Automakers in China in 2018 (Corporate Reach & Connectivity Functions) November 2018 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically signifisignificantcant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence TtblihTo establish a compre hiftlhensive, factual, annua lldtddtlly updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of
    [Show full text]
  • Does Ownership Determine Business Model?
    sustainability Article Does Ownership Determine Business Model? Li Zhang 1, Yingqi Liu 1,* and Ari Kokko 2 1 College of Economics and Management, Beijing Jiaotong University, Beijing 100044, China; [email protected] 2 Department of International Economics, Government, and Business, Copenhagen Business School, 2000 Copenhagen, Denmark; [email protected] * Correspondence: [email protected]; Tel.: +86-1350-112-5524 Received: 27 April 2019; Accepted: 30 May 2019; Published: 4 June 2019 Abstract: The development of a new energy vehicle industry is considered a sustainable approach to solving the global energy crisis and the problem of environmental pollution. The sales of new energy vehicles in China are the highest in the world, and China’s new energy vehicle enterprises have played an important role in this. The business model, as a method for enterprises to achieve their strategic goals, utilizes resource advantages to deliver value to consumers, and is affected by enterprises’ ownership, competitive strategy, and resources. Based on the resource-based view (RBV) theory, the article uses a mixed quantitative and qualitative methodology, selects 30 vehicle enterprises from the mainstream market, and takes product value, suppliers, dealers and external relations, research capabilities, shareholders, and profitability as potential explanatory elements to analyze business model differentiation between different ownership categories. The article explores the reasons for the differences in business models between different ownership classes through case studies and data comparisons. It examines the characteristics and types of business model based on resources and competitive strategy. This study suggests that the ownership of enterprises plays a decisive role in strategic choices and resource acquisition and has a differential impact on the business model in resources and revenue dimensions.
    [Show full text]
  • The Role of Plug-In Electric Vehicles to Improve Fuel Economy
    THE ROLE OF PLUG-IN ELECTRIC VEHICLES TO IMPROVE FUEL ECONOMY Working Paper 18 The role of plug-in electric vehicles to improve fuel economy Integrating electric mobility in GFEI activities INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – two-fold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA carries out a comprehensive programme of energy co- operation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency’s aims include the following objectives: • Secure member countries’ access to reliable and ample supplies of all forms of energy; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions. • Promote sustainable energy policies that spur economic growth and environmental protection in a global context – particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. • Improve transparency of international markets through collection and analysis of energy data. • Support global collaboration on energy technology to secure future energy supplies and mitigate their environmental impact, including through improved energy efficiency and development and deployment of low-carbon technologies. • Find solutions to global energy challenges through engagement and dialogue with non- member countries, industry, international organisations and other stakeholders. IEA member countries: Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, Luxembourg, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.
    [Show full text]
  • Global Alternative Propulsion Outlook & Analysis
    Global Alternative Propulsion Outlook & Analysis Brian Maxim, Vice President, Global Powertrain Forecasting 855.734.4590 ext. 1004 Automotive Outlook Symposium June 1, 2018 2 Automotive Outlook Symposium June 1, 2018 Global Light Vehicle Production by Fuel Type Other Fuels EREV Fuel Cell 2010 0.45% 2020 0.15% Hybrid - Gas EV 0.01% Hybrid - Gas 0.95% 0.03% Diesel Diesel 3.70% 18.94% 16.98% Other Fuels 0.42% EREV 0.00% Gas Hybrid - Diesel 79.63% Fuel Cell Gas Hybrid - Diesel 0.00% EV 0.00% 76.55% 0.25% 1.93% Fuel Cell EREV Other Fuels 2025 2017 0.00% 0.16% 0.47% Fuel Cell Diesel Hybrid - Gas Hybrid - Gas 0.01% 18.45% 2.72% EREV Diesel 4.82% 0.15% 16.30% Other Fuels 0.48% Hybrid - Diesel Gas 0.22% Hybrid - Diesel EV 77.15% Gas 0.31% EV 74.98% 2.94% 0.83% Source: AutoForecast Solutions – May 2018 3 Automotive Outlook Symposium June 1, 2018 Global Engine Volumes -By Major Configuration 120 Top 4 Engine Configurations 100 80 60 40 Volume (Millions) Volume 20 0 I4 I3 V6 V8 I3 Total I3 By Region 14 8 12 +41% 10 6 8 4 6 4 2 Volume (Millions) Volume 2 (Millions) Volume 0 0 4 AP WE EE NA SA Source: AutoForecast Solutions – May 2018 4 Automotive Outlook Symposium June 1, 2018 Global Engine Trends • Programs gravitating down similar paths • Smaller engine programs looking fairly similar • 2.0L I4 GDI Turbo • Still replacing smaller V6s • Offered as upgrade to non-turbo 2.0L • 1.5L GDI Turbo • Some are 1.4L or 1.6L • Replacing larger I4s • 1.0L GDI Turbo • Replacing medium and small I3/I4s • 3.0L 6-cylinder with GDI • 3.0L is a global approach • Fiat
    [Show full text]
  • The EV Revolution and Its Limits: Is an EV Mass Market Feasible?
    The EV revolution and its limits: is an EV mass market feasible? Tommaso Pardi (director GIS Gerpisa, CNRS IDHES ENS-Paris Saclay) © OECD/IEA 2017 Global EV outlook 2017 Two million and counting Executive summary New registrations of electric cars1 hit a new record in 2016, with over 750 thousand sales worldwide. With a 29% market share,2 Norway has incontestably achieved the most successful deployment of electric cars in terms of market share, globally. It is followed by the Netherlands, with a 6.4% electric car market share, and Sweden with 3.4%. The People’s Republic of China Page | 5 (hereafter, “China”), France and the United Kingdom all have electric car market shares close to 1.5%. In 2016, China was by far the largest electric car market, accounting for more than 40% of the electric cars sold in the world and more than double the amount sold in the United States. The global electric car stock surpassed 2 million vehicles 0,2%in 2016 ofaft ether cr ototalssing the 1 million Electricthreshold i ncar 201 5stock (Figure 1(2010). -2016) stock of vehicles Figure 1 • Evolution of the global electric car stock, 2010-16 2.5 Others ) Sweden s n o 2.0 Germany i l l i France m ( k United Kingdom c 1.5 o t Netherlands s r a Norway c 1.0 c i r Japan t c e l United States E 0.5 China BEV 0.0 BEV + PHEV 2010 2011 2012 2013 2014 2015 2016 Notes: The electric car stock shown here is primarily estimated on the basis of cumulative sales since 2005.
    [Show full text]
  • Elektromobilität Und Entwicklungsperspektiven Des Automobils
    „Das Auto ist fertig entwickelt. Was kann noch kommen?“ Carl Friedrich Benz, 1920 Elektromobilität und Entwicklungsperspektiven des Automobils Vortrag Leopoldina-Symposium Martin Doppelbauer Zukunft der Mobilität, 21. März 2019 Univ.-Prof. Dr.-Ing. 11:45 – 12:25 Uhr Elektrotechnisches Institut (ETI) – Professur für Hybridelektrische Fahrzeuge (HEV) KIT – Universität des Landes Baden-Württemberg und nationales Forschungszentrum in der Helmholtz-Gemeinschaft www.kit.edu Inhalt Aktueller Stand der Elektromobilität Aufladen von Elektroautos – daheim und unterwegs Marktdurchdringung Elektroautos Moderne Lithium-Ionen Batterien Rohstoffe Aktuelle technische Entwicklungen Ökologie (CO2-Rucksack, 2nd Life, Recycling) Energieversorgung Strombedarf für flächendeckende Elektromobilität Dezentrale Energieversorgung (PV) Kosten der Infrastruktur (Ladesäulen) Vergleich aktueller Stand Wasserstoff-PKW Marktübersicht Integration Brennstoffzelle und Höchstdrucktanks Klimabilanz Zusammenfassung Disruptive Innovation Ausblick 2 24.03.19 Martin Doppelbauer Elektromobilität Elektrotechnisches Institut ETI Univ.-Prof. Dr.-Ing. Entwicklungsperspektiven Professur Hybridelektrische Fahrzeuge HEV www.eti.kit.edu Laden Steckersysteme IEC Typ 2 IEC Combo 2 OppCharge CCS 1.0 / 2.0 CHAdeMO AC-Laden DC-Laden Langsam 3 kW 7 h / 100 km 7 kW 3 h / 100 km ← PKW NFZ→ Mittel 11 kW 2 h / 100 km 22 kW 1 h / 100 km Schnell 43 kW 30 min / 100 km 50 kW 30 min / 100 km 100 kW 15 min / 100 km Tesla SuC V2 120 kW 15 min / 125 km Rot = Eingeführt 150 kW 15 min / 150 km Tesla SuC V3 in Europa 250 kW 10 min / 240 km * Chinesisch-/Japanischer Ultraschnell 350 kW 10 min / 300 km ChaoJi-Ladestandard 600 KW für Busse, LKW China/Japan 900 kW in Vorbereitung* 3 24.03.19 Martin Doppelbauer Elektromobilität Elektrotechnisches Institut ETI Univ.-Prof.
    [Show full text]
  • Le 17Ème Salon Automobile De Shanghai Ouvre Ses Portes Au Public
    Le 17ème salon automobile de Shanghai ouvre ses portes au public La 17ème édition du salon automobile de Shanghai ouvre ses portes au public du 21 au 28 avril au centre des expositions international de Shanghai (Shanghai New International Expo Center). Les organisateurs de l'édition 2017 du salon chinois attendent 1 000 000 de visiteurs pour la 17ème édition du salon qui se déroule sur huit jours. En 2015, 928 000 visiteurs ont découvert les dernières nouveautés automobiles à l'Auto Show de Shanghai. Le salon de Shanghai a lieu tous les deux ans, les années impaires, en alternance avec le salon automobile de Pékin. Le salon automobile chinois fête cette année ses trente deux ans. Près de 1 400 modèles sont exposés sur les 350 000 mètres carrés de l'exposition. Près de 1 500 exposants venus de 18 pays sont présents. L'importance du marché automobile chinois, devenu depuis plusieurs années le premier marché auto du monde (en 2016, près de 22 millions de véhicules particuliers et utilitaires ont été vendus en Chine), vaut au salon de Shanghai les présentations en première mondiale de nombreux nouveaux véhicules ou concepts. Les groupes automobiles chinois et les marques chinoises font preuve d'un dynamisme sur leur marché domestique en rapport avec l'immense potentiel du marché automobile chinois. L'importance du premier marché automobile au monde est telle que les constructeurs internationaux réservent plusieurs premières mondiales d'envergure au public chinois.
    [Show full text]
  • Automotive Production Outlook North America and the Global Impact
    Automotive Production Outlook North America and the Global Impact Session: Forecasting the North American Sales and Production Footprint in Uncertain Times Joseph McCabe, President 855.734.4590 ext. 1001 CAR Management Briefing Seminar July 31, 2018 CAR Management Briefing Seminar July 31, 2018 Competing in a Disruptive Global Market Market Drivers, Enablers & Constraints • Consumer preference vs. market direction • Shareholder value Economic Recovery • Supply chain importance to the VM strategy Ownership Financial • Innovation in product and strategy & Operating Markets Cost • Investment strategies Market Direction & • Regulations and incentives the need for Innovation • Geo-political impact on globalization Technology Gov’t Price Effects Investment • Future players Auto Supply • Minimize risk and maximize opportunities Chain • Defend core operations and identify areas for growth 3 CAR Management Briefing Seminar July 31, 2018 Disruptive Consumer Views: Brand & Domestic Production Loyalty • Are consumers concerned about where • New players opening up the competitive their vehicle is built? landscape? • China - Buick Envision, Cadillac CT6 PHEV, and • Tesla Volvo S60 • Google • Italy - Jeep Renegade • Apple • “Imported from Detroit” campaign – Chrysler • Dyson Pacifica and 300 built in Canada • Silicon Valley • Do consumers care about the parent • Is the landscape changing? company ownership? • Uber • Geely Volvo • Lyft • Tata Jaguar/Land Rover • Ride sharing • More to come! 4 CAR Management Briefing Seminar July 31, 2018 5 CAR Management
    [Show full text]
  • Halving Transportation Energy Consumption by 2050
    HALVING TRANSPORTATION ENERGY CONSUMPTION BY 2050 A WHITE PAPER BY THE ALLIANCE 50X50 COMMISSION ON U.S. TRANSPORTATION SECTOR EFFICIENCY February 2018 FROM THE COMMISSION CO-CHAIRS As co-chairs of the Alliance to Save Energy’s “50x50 Commission,” we are pleased to present the Commission’s foundational white paper, Halving Transportation Energy Consumption by 2050. Transportation offers the single largest opportunity for energy efficiency improvement among all energy end-uses in the United States. New transportation technologies are quickly being introduced to the market and have the potential to create new opportunities, while reinventing the paradigm of our transportation system. Halving Transportation Energy Consumption by 2050 serves as the first step in this exciting conversation. It details the Commission’s objective to Scott Keogh achieve a more efficient transportation system by pursuing a clear goal: halving the energy used in the U.S. transportation sector by 2050. This goal is ambitious, yet achievable. The paper describes how the 50x50 goal was developed, and how it will ensure that we remain at the forefront of a changing industry, leveraging existing and fast-emerging opportunities for energy efficiency. The white paper also details the structure of the 50x50 Commission itself, as well as the supporting technical committees, which represent a diverse group of national leaders from both the public and private sectors who are generously donating their time and expertise to this bipartisan effort. Over the course of the coming months, our Commission will develop a suite of policy recommendations – at all levels of Dean Seavers government – that will put us on a path to achieve the 50x50 goal.
    [Show full text]
  • The Global Automotive Outlook Opportunity Identification in a Disruptive Market February 20, 2019 Joseph Mccabe, President 855.734.4590 Ext
    The Global Automotive Outlook Opportunity Identification in a Disruptive Market February 20, 2019 Joseph McCabe, President 855.734.4590 ext. 1001 Data that drives tomorrow. February 2019 Data that drives tomorrow. February 2019 Competing in a Disruptive Global Market Market Drivers, Enablers & Constraints • Consumer preference vs. market direction • Shareholder value Economic Recovery • Supply chain importance to the VM strategy Ownership Financial • Innovation in product and strategy & Operating Markets Cost • Investment strategies Market Direction & • Regulations, incentives, and standards the need for Innovation • Geo-political impact on globalization Technology Gov’t Price Effects Investment • Future players Auto Supply • Minimize risk and maximize opportunities Chain • Defend core operations and identify areas for growth 3 Data that drives tomorrow. February 2019 4 Data that drives tomorrow. February 2019 NA Growth Outlook and OEM Group Contribution North America Y-O-Y Production Volume Impact 400,000 400,000 18 17.79 300,000 300,000 17.67 200,000 200,000 EV 100,000 100,000 EU 0 0 17.11 17.16 -100,000 -100,000 17.03 17 -200,000 -200,000 -300,000 D3 -300,000 Millions -400,000 -400,000 -500,000 -500,000 -600,000 -600,000 Production Volume Change by OEM Group by OEM Change Volume Production -700,000 AP -700,000 16 -800,000 -800,000 -900,000 -900,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Calendar Year D3 EU AP EV Total YOY Change Source: AutoForecast Solutions – January 2019 5 Data that drives tomorrow. February 2019 NA Production by OEM Parent Base Location North America Light Vehicle Production 20 0.11 0.26 0.41 18 16 1.38 1.34 1.79 14 12 8.63 8.66 8.43 10 Millions 8 6 7.05 4 6.99 6.77 2 0 AP D3 EU EV Source: AutoForecast Solutions – January 2019 6 Data that drives tomorrow.
    [Show full text]
  • Q3 2020 Companies Mentioned
    Q3 2020 Companies Mentioned AC Propulsion Acura Adwen Aisin Seiki Aiways Aluminum Corporation of China American Axle Anhui Baosteel Rare Earth Permanent Magnetic Alloy Industry (Earth Panda) Antai Technology Appia Energy Arafura Resources Araxá Metals Audi Audi Australian Strategic Materials Avalon Rare Metals BAIC BAIC - Hyundai Baotou Jinshan Magnetic Materials Beijing Sanjili New Materials Bentley BJEV Blue Line Corporation BMW BMW BorgWarner Bosch Brilliance Broad-Ocean Motor BRUSA Elektronik Buick BYD BYD Auto Industry Cadillac Canada Rare Earth Corporation Changan Changan - Ford Changhe Changsha Zotye Chery Chevrolet China Creative Wind Energy China Energine China Minmetals China Northern Rare Earth Group China Southern Rare Earth Group Chongqing Baizhuan Electric Motor Chongqing Changan New Energy Chongqing Jinkang Power New Energy Chrysler Citroen Commerce Resources Continental Daihatsu Dajun Tech Dayun Defense Metals Denso Denza Dongfang Electric Dongfeng Dongfeng - Citroen Dongfeng - Honda Dongfeng - Nissan Dongfeng - Renault Dongfeng - Sokon Dongfeng - Yueda Kia Dongfeng Motor Electric Drive-Inno DS Electra EV EM-Motive Enovate ERAMET E-Tech Metals FAW FAW - Toyota FAW - VW Fiat Fiat Chrysler Fisker FOMM Ford Ford - JMC Frontier Rare Earths Fukuta Electric & Machinery GAC GAC - Honda GAC - Mitsubishi GAC - Toyota Galaxy Magnets Galileo Resources GE Renewable Geely Geely - Xindayang Geomega Resources GM Goldwind Goupil Great Wall Great Wall Engine Company Greenland Minerals Guangdong Rare Earth Group Hangzhou Dewos Electric
    [Show full text]
  • Comparison of the Electric Car Market in China and the United States
    WORKING PAPER 2019-10 Comparison of the electric car market in China and the United States Authors: Lingzhi Jin, Hui He Date: May 2019 Keywords: electric vehicle; market; China; United States Introduction intends to shed light in the uniqueness The analysis focuses on passenger and similarities in the two market, and electric vehicles (interchangeably In 2017, global electric passenger car show their market characteristics and with electric car). sales passed one million units, and trends over the three-year period. It approximately every seven out of also acts as an update to our 2015 ten of them were sold in China or the report (He, Jin, Cui & Zhou, 2018) on Market characters of electric United States (EV Volumes, 2018). the electric passenger vehicle market cars in the U.S. and China As the two largest national electric in China. vehicle markets, the countries both OVERALL MARKET TREND have a remarkable electric car growth The new vehicle registration data was over the past few years and very obtained from industry websites, two Both nations experienced remarkable dynamic market environment. previous ICCT papers (Lutsey, Slowik growth of electric car sales in the past & Jin, 2016; Slowik & Lutsey, 2018) and decade. The U.S. market took off in This briefing, part one of a two-paper the China Automotive Technology and early 2010s, approximately two years series, compares the market and tech- Research Center. These data contain earlier than in China. But China’s nological characteristics of electric national aggregate data and detailed market grew at much faster pace, cars in China and the United States, local data for major U.S.
    [Show full text]