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

Tokyo, Japan

Post

BoJ to look through a temporary decline in monetary base

The Bank of Japan (BoJ) left monetary policy unchanged at today's (22nd Sep) meeting, maintaining current short- and long-term interest rates, despite another wave of yen weakening and upward pressures on JGB yields. 

Find Out More

Post

Global: Worried businesses see almost 50% chance of recession

Businesses continue to downgrade their expectations for the global economy, based on our latest survey of risk perceptions. On average, respondents judge there's a 47% probability of a global recession over the next 12 months.

Find Out More