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.
Back to Resource Hub

Related Services

Industrial property

Post

US: High debt costs suggest an industrial correction

The scale of the increases in debt costs, coupled with the low-yielding environment makes some repricing highly likely for gateway US industrial markets over the coming quarters.

Find Out More
Office building in London

Post

High debt costs suggest European office price correction

Our analysis suggests a 10% correction is needed on average for the major office markets in Europe to compensate for the higher cost of debt, with prime yields required to soften by 10bps-75bps to generate a low-risk interest coverage ratio at a reasonable LTV.

Find Out More