Electric Vehicle Outlook 2017

Our global long-term Electric Vehicle Outlook (EVO) forecasts passenger EV adoption out to 2040 and the impact that electrification will have on automotive and power markets, as well as on fossil fuel displacement and demand for key materials. The EVO 2017 report updates our view of future lithium-ion battery prices and how this will affect the economics of different vehicle segments. It also looks at important upcoming EV models, and analyzes the impact of car sharing, ride hailing and autonomous driving.

“The EV revolution is going to hit the car market even harder and faster than BNEF predicted a year ago. EVs are on track to accelerate to 54% of new car sales by 2040. Tumbling battery prices mean that EVs will have lower lifetime costs, and will be cheaper to buy, than internal combustion engine (ICE) cars in most countries by 2025-29.”