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[nickel-cobalt-lithium summit] the global electric vehicle market in the post-epidemic era, the European market may have hit bottom.
Jul 13,2020 17:40CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 13: Adam Panayi, Executive Director of, Rho Motion, explains the global electric vehicle market in the post-epidemic era at the 2020 (Fifth) China International Nickel-Cobalt-Lithium Summit Forum and China International Conference on New Energy Lithium Materials held by SMM.

Adam Panayi said the recovery in the electric vehicle market is roughly in line with our expectations and we are entering a "medium impact" phase. In Europe, the downturn may not be that long-lasting, but the important thing is that the electric car market seems to have bottomed out.

Monthly sales of BEV and PHEV passenger cars in China from 2018 to 2020

The market for electric cars in North America has shrunk sharply since March, and it is hard to see a return to normal this year.

Monthly sales of North American passenger cars BEV and PHEV from 2018 to 2020

Adam Panayi said the stock cycle had cushioned electric vehicles, leaving them with strong penetration during the economic downturn. The change of regional sales mode will have an impact on the dynamics of the battery market. For electric vehicles, the stimulus package may be good for the electric car industry, but it will not be the main driver of recovery. We hope that these effects will be relatively short-lived.

Comparison of EV permeability between 2019 and 2020 from January to May

OEM regulations are still the key to long-term drivers, but there is still a lot of work to be done to achieve current and future goals. The OEM EV strategy has just entered the market, but the delay in the launch will reduce cost and time consumption.

Average CO2 emissions of some car companies in 2017 and 2019

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