EV and battery thread, page-6

new 2024 EV sales forecast from S&P Global Mobility (in November the split for "EV" sales was 70 % BEV and 30 % PHEV and EREV)

If we assume the ratio between BEV and PHEV + EREV to remain constant then we would get 19.74 million EV units sold in 2024. (ev-volumes.com people apparently think it will be around 18 million units, but they haven't published a forecast on their newsfeed yet.)

I think both numbers are possible it really depends on what the constraining factor(s) will be, for example: charging infrastructure, raw materials supply or demand / disposable income or supporting factors like subsidies, purchase incentives or other regulations.

"S&P Global Mobility expects this trend of growth to continue into next year. In a recent report, the firm forecast that global sales of BEVs specifically will experience nearly 40% year-over-year growth in 2024, jumping to claim a 16.2% market share.

S&P predicted that, in China, BEVs will make up 28.6% of the vehicles. And in the U.S., BEVs will make up 13.2% of the vehicles, representing 66% year-over-year growth.

S&P also said that while much of this growth will likely be relegated to major markets, smaller markets will "also see modest increases."

As EV adoption has grown, so too has some of the necessary infrastructure. Global EV charging stations grew from 3 million in 2019 to roughly 15 million in 2023, according to S&P, which expects there to be 70 million chargers by 2030."

New report predicts what the electric vehicle market will look like in 2024 - TheStreet