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Electric vehicles

With over 5% of global car sales, the electric car fleet is expanding quickly. Ambitious policy announcements have been critical in stimulating the electric mobility transition in major vehicle markets.

Ev Tall

Key findings

Global electric passenger car stock, 2010-2020

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Electric cars had a record year in 2020, with Europe overtaking China with the largest increase

After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million. Numerous factors contributed to increased electric car registrations in 2020. Notably, electric cars are gradually becoming more competitive in some countries on a total cost of ownership basis. Several governments provided or extended fiscal incentives that buffered electric car purchases from the downturn in car markets.

Battery demand by region, 2015-2020

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Battery manufacturing has increased, but must accelerate to meet Net Zero needs

Automotive battery production reached 160 GWh in 2020 (up 33% from 2019) and the average cost of batteries declined 13% to a global average price of USD 137/kWh per battery pack. Battery production continues to be dominated by China, which holds over 70% of global cell production capacity and produces about half of all batteries for light-duty vehicles. China also accounts for the largest share of demand at almost 80 GWh, but in 2020 Europe had the greatest increase (+110%) to reach 52 GWh. The Net Zero Scenario projects battery manufacturing scaling up rapidly, as current announced production capacity for 2030 would cover only 50% of required demand in that year. Furthermore, next-generation (i.e. solid-state) battery technologies need to become commercially available between 2025 and 2030.
Our work

In operation since 1993, the HEV TCP provides a forum for global co-operation on the development and deployment of electric vehicles. It supplies objective information to support decision making, functions as a facilitator for international collaboration in pre-competitive research and demonstration projects, fosters international exchange of information, and it can promote projects and programmes for research, development, demonstration and deployment.