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By 2040, 30% of the world's cars will be electric.

2024-11-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)08/09 Report--

With the continuous tightening of fuel and emission regulations and the formal implementation of the double points policy, the process of automobile electrification is accelerated. In addition to traditional fuel vehicles, hybrid vehicles and pure electric vehicles begin to pour into the market more and more.

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Earlier, Bloomberg released a global electric vehicle industry forecast (the report focuses on passenger cars), which predicted that by 2037, global electric vehicle sales will surpass traditional fuel vehicles and become the absolute main force of the global automobile market.

The report also shows that global electric vehicle sales exceeded 2 million last year and are expected to continue to grow rapidly in the next few years. Global electric vehicle sales will reach 10 million by 2025, 28 million by 2030 and 56 million by 2040. In addition, 30% of the world's cars will be electrified by 2040.

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The report predicts that the global number of internal combustion engine vehicles will begin to decline by 2030. As falling battery costs are a major factor driving the rapid spread of electric vehicles, the prices of electric vehicles and diesel locomotives are expected to be flat and closer to traditional fuel vehicles by the middle of the next decade.

According to the price trends tracked by the report, the price of car batteries fell from $650 / kWh in 2013 to $176 / kWh in 2019. The price of in-car batteries may fall to $87 / kWh in 2025 and $62 / kWh in 2030.

In terms of global car ownership, the report thinks it will peak in 2040. The number of cars in the world currently stands at about 1 billion and will reach about 1.6 billion by 2040, an increase of 60 per cent, the report said. Starting from 2022, the proportion of electric vehicles in the global car ownership began to grow rapidly, and by 2040, the number of electric vehicles may account for more than 1 / 3 of the global car ownership.

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Of course, there are also some challenges in the growth of electric car sales and ownership. For example, the global output of lithium, the main raw material for on-board batteries, can cope with the rapid development of electric vehicles, but more production of nickel and cobalt raw materials is needed; another major challenge is that the construction of public charging infrastructure will also affect the popularity of electric vehicles, because the shortcomings of infrastructure will also curb the willingness of end users to buy electric vehicles.

In addition, a survey shows that consumers in the world's major markets are faced with electric cars, there are some concerns in the following six aspects: driving mileage, cost premium, charging time, battery technology safety, preferred models do not provide pure electric version, favorite brands do not have electric models. At the same time, the survey also shows that Chinese consumers are most worried about driving mileage, charging time and not providing a pure electric version of their preferred models.

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However, with many car companies changing their electrification strategies, establishing consumers' trust in brands and ensuring a positive customer experience from sales to after-sales service, manufacturers should increase their investment in engineering talents. deepen cooperation with custom battery manufacturers and third-party Internet of things enterprises, so as to keep down manufacturing costs, to meet the trend of demand is the key to "win".

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