Research Briefing | Oct 5, 2021

Global | EV transition will turbocharge demand for electricity

Global | EV transition will turbocharge demand for electricity

Electricity demand from the road vehicle sector is set to accelerate sharply in the coming decades, according to our new forecasting methodology. We project the road sector’s share of electricity demand globally will climb from less than 0.5% today to 7% in 2050, with Europe and China leading the way.
Our methodology builds upon detailed national electric-vehicle sales projections provided by our automotive partner, LMC Automotive, to construct forecasts of road vehicle electricity demand for the 17 largest car markets.

What you will learn:

  • Our results indicate that the shift to electric vehicles – battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in particular – will generate significant changes in the energy mix of the road sector.
  • Our projections vary considerably across countries, reflecting national EV incentive schemes and emissions regulations as well as the sizes of the personal and commercial vehicle stocks.
  • The EV transition will take off faster for personal transport than for commercial vehicles.
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