New WardsAuto Report Evaluates Automakers' Electric Vehicle Plans and Evaluates Their Chances for Success
SOUTHFIELD, Mich., Nov. 28, 2017 /PRNewswire/ -- A new report by WardsAuto Intelligence takes a close look at automakers' future product plans and the midterm prospects for the electric-vehicle market, where EV battery technology and global capacity are headed and the strategies of key players as the industry marches into the electrification age.
The new report, BEVs, Batteries and the Electrification Future, takes an in-depth look at the market drivers for EVs, various demand forecasts from a wide range of sources and the aggressive plans by automakers around the world to fill their lineups over the next few years with full EVs. The report includes an OEM Strategic Report Card that handicaps the automakers' strategic preparedness for rapid growth in the EV market, with competitive position summaries, current EV share and forecast for 2024, and more.
Key findings:
- Although the EV market is growing, global sales are likely to remain a single-digit percentage of overall light-vehicle demand annually until after 2025.
- Despite the conservative near-term volume outlook, automakers are planning to launch no fewer than 85 new full-electric vehicles by 2025.
- Battery makers are working on new technology and chemistries that would cut costs and extend range, but lithium-ion will continue to dominate the market well into the next decade.
- Five suppliers, all based in Asia, will control 75% of the market for EV batteries worldwide in 2025.
The report also ranks the automakers highlighting which are best positioned to exploit the expanding EV market and profiles key battery suppliers, detailing their market successes to date, current technology strategies and expected technologies, and the industry's Li-ion-battery capacity-expansion plans.
The report is available to order and download at http://intelligence.wardsauto.com/ev-and-battery-report. It is also available as part of the WardsAuto Intelligence Electrification Suite which includes the recent 48V Market Outlook report and upcoming reports on All-Wheel Drive technology and the state of vehicle charging in key global markets.
About WardsAuto
WardsAuto is a world-leading provider of automotive insights and analysis, having served the industry's information needs for more than 90 years. Southfield, MI-based WardsAuto provides a forward-looking perspective on all aspects of the automotive business. Its WardsAuto Intelligence unit offers the premium WardsAuto.com resource and suite of customizable data reporting tools, multiple detailed forecasts on industry sales and production, the quarterly WardsAuto Outlook conference series, special reports and more. Learn more at http://intelligence.wardsauto.com.
About Informa
WardsAuto is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.
Informa has over 7,500 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.
Media Contact
Chris Lamphear
Director of Marketing
WardsAuto
248 799 2658
[email protected]
SOURCE WardsAuto
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