Electric Vehicles Industry Insights 2020: Impact of COVID-19 on Global EV Sales

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Jun 05, 2020, 07:45 ET

DUBLIN, June 5, 2020 /PRNewswire/ -- The "Global Electric Vehicle Market Outlook, 2020" report has been added to ResearchAndMarkets.com's offering.

This report presents:

2020 Global Economic Outlook
2020 Global EV Market Outlook
Key Countries in Europe
Key Countries in Americas
Key Countries in APAC
Key Countries in Middle East & Africa
Lithium-ion Battery Outlook
Reuse and Recycle of Lithium-ion Batteries
Growth Opportunities and Strategic Imperatives

As we move into the new decade, the electric vehicle (EV) industry is likely to experience total sales of over 2.5 million units (including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Majority of the European OEMs are likely to reduce PHEV models and introduce BEV models in their product lines. OEMs are revisiting their product mix to comply with emission norms and targets. Over 450 models - 300 BEVs and 150 PHEVs - will be available for sale in 2020.

The EV market grew by 8.8% year-on-year (y-o-y), registering the slowest growth in the decade. This low growth was mainly due to slowdown in sales on a global scale across China, Europe and the United States. By region, Europe experienced the highest growth in 2019. The slowdown was experienced from the second half of 2019 mainly in China due to the elimination of certain incentives. The country, however, continues to lead the market with over 52.5% market share followed by Europe and the United States with 26% and 14% shares respectively.

Norway continues to lead in terms of penetration rate, at 60%, which is 5% higher than the 2018 level. BEVs dominate the market and have come out stronger in 2019 with a 74% share while PHEVs constitute the remaining 26%. Global policies favor the adoption of BEVs, which has reflected in their increased sales. A total of 345 models - 221 BEVs and 124 PHEs - was available for sale in 2019. Over 320,000 public charging stations, including both AC and DC charging stations, were installed globally.

In 2020, Europe will experience the highest growth as compared to other regions mainly due to the implementation of stringent emission norms. On similar terms, China is likely to experience negative growth in EV sales since there is no clarity on the incentive revisions and the effects of Coronavirus on the country. Non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio (Norway, Netherlands) offer these rather than cash incentives.

The global EV battery recycling market generated a revenue of $10.3 million in 2018 and is expected to reach $6,524.2 million by 2025, expanding at a CAGR of 151.5%. Out of the revenue generated, hydro-metallurgical process constituted 59%, followed by the pyro-metallurgical process at 39% and other recycling technologies at 2%. Current recycling processes for lithium-ion battery cells focus on the recovery of cobalt, nickel, and copper due to their comparatively high prices and ease of recovery in the pyro-metallurgical process. Other elements are mostly not recovered or undergo down-cycling. In this way, numerous hydro-metallurgical procedures have been created by different organizations - examples are the procedures created by Accurec and Toxco Inc. (presently Retriev Technologies Inc.).

Key Topics Covered

1. Executive Summary

Key Predictions - 2020
Highlights of 2019
EV Market - 2019 Global Trend
Top 10 OEMs
Impact of COVID-19 on Global EV Sales
Hybrid and EV Sales Mix Forecast to 2025
Europe - Incentive Comparison with Sales
China - Incentives that Expired in 2019
Key Countries - Charging Station Installation Base
Top 6 Battery Manufacturers - Global
Global Lithium-ion Battery Production Scenario - 2027

2. Research Scope and Segmentation

Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology

3. 2020 Global Economic Outlook - Executive Summary

COVID-19 Global Economic Impact - Visioning Scenarios
Global, Advanced, and Emerging Markets Growth
Global Economic Outlook 2020 - Top 5 Predictions
2020 World GDP Growth Snapshot
Major Economies - Key Predictions for 2020

4. 2020 Global EV Market Outlook

Key Predictions - 2020
Highlights of 2019
Historic EV Sales
EV Market - 2019 Global Trend
Global EV Sales - By Month
Top 10 OEMs
Top 10 Models - BEVs and PHEVs
Impact of COVID-19 on Global EV Sales
Impact of COVID-19 on Regional EV Sales
xEV Passenger Car Breakdown by Region - 2027
Hybrid and EV Sales Mix Forecast to 2025

5. EV Outlook - Key Countries in Europe

Europe - Key Highlights
Europe - Historic EV Sales
Europe - Market Trends in 2019
Europe - EV Sales by Month
Europe - Top 10 Models
Europe - Incentive Comparison with Sales
Europe - Charging Station Installations
Europe - Incentives and Subsidies
Europe - Potential EV Launches in 2020
Europe - Impact of COVID-19 on EV Sales
Europe - Key Influencers Amidst COVID-19 Crisis that Impact EV Sales
Europe - EV Charging Station Installations
Europe - Ongoing Charging Infrastructure Projects
Europe - Battery Manufacturers

6. EV Outlook - Key Countries in Americas

Americas - Key Highlights
Americas - Historic EV Sales
Americas - Market Trends in 2019
Americas - EV Sales by Month
Americas - Top 10 Models
Americas - Charging Station Installations
US - Incentives and Subsidies
US and Canada - Incentives and Subsidies
Americas - Potential EV Launches in 2020
Americas - Impact of COVID-19 on EV Sales
Americas - Key Influencers Amidst COVID-19 Crisis that Impact EV Sales
Americas - EV Charging Station Installations
US - Battery Manufacturers

7. EV Outlook - China

China - Key Highlights
China - Historic EV Sales
China - Market Trends in 2019
China - EV Sales by Month
China - Government Regulations: Overview of Purchase Incentives
China - Top 10 Models
China - Charging Station Installations
China - Incentives that Expired in 2019
China - Potential EV Launches in 2020
China - Impact of COVID-19 on EV Sales
China - Key Influencers Amidst COVID-19 Crisis that Impact EV Sales
China - EV Charging Station Installations
China - Battery Manufacturers

8. EV Outlook - Key Countries in APAC (Excluding China)

APAC - Key Highlights
APAC - Historic EV Sales
APAC - Market Trends in 2019
APAC - EV Sales by Month
APAC - Top 10 Models
APAC - Charging Station Installations
APAC - Incentives and Subsidies
APAC - Potential EV Launches in 2020
APAC - Impact of COVID-19 on EV Sales
APAC - Key Influencers Amidst COVID-19 Crisis that Impact EV Sales
APAC - EV Charging Station Installations
APAC - Battery Manufacturers

9. EV Outlook - Key Countries in Middle East and Africa

Middle East and Africa - Key Highlights
Middle East and Africa - Historic EV Sales
Middle East and Africa - Market Trends in 2019
Middle East and Africa - EV Sales by Month
Middle East and Africa - Top 10 Models
Middle East and Africa - Charging Station Installations
Middle East and Africa - Impact of COVID-19 on EV Sales
Middle East and Africa - Key Influencers Amidst COVID-19 Crisis that Impact EV Sales

10. Lithium-ion Battery Outlook

Top 6 Battery Manufacturers - Global
Top 10 OEMs
Raw Material Suppliers - Cathode
Sourcing Strategy - Supplier Relationships
Global Lithium-ion Battery Production Scenario - 2027

11. Reuse and Recycle of Lithium-ion Batteries

Market Trends in Battery Recycling Technologies
EV Battery Waste Management
Typical Battery Recycling Process
EV Battery Reuse and Recycling
Reuse/Second-Life Examples of Lithium-ion Batteries
Extended Producer Responsibility (EPR) - Global Scenario

12. Growth Opportunities and Companies to Action

Growth Opportunity
Strategic Imperatives for the EV Market

13. Key Conclusions

For more information about this report visit https://www.researchandmarkets.com/r/ukva4j

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