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    Home > Chemicals Industry > International Chemical > BNEF: Electric vehicles will require 2,000 terawatt hours of electricity in 2040

    BNEF: Electric vehicles will require 2,000 terawatt hours of electricity in 2040

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    According to Bloomberg New Energy Finance (BNEF), electric vehicles and electric buses will increase global electricity demand by 6% in 2040 because they require 2,000 terawatt hours of electricity
    .

    BNEF: Electric vehicles will require 2,000 terawatt hours of electricity in 2040

    BNEF's latest forecast shows that global EV sales will grow from 1.
    1 million in 2017 to 11 million in 2025 and 30 million by
    2030.
    Correspondingly, the share of electric vehicles in the global light-duty vehicle market will expand to 11% by 2025, 28% in 2030, 55% by 2040, and 33%
    of the global automotive market.

    "The EV sales outlook will be influenced by how quickly charging infrastructure expands in key markets, as well as the growth of
    shared mobility.
    " BNEF said
    .

    The adoption of electric buses will be even more rapid, and by 2030, 84% of all buses sold will be electric
    buses.
    BNEF noted that China already has more than 300,000 electric buses
    .

    BNEF said that by 2030, electric vehicles will account for 44% of light vehicle sales in Europe, 41% in China, 34% in the US, 17% in Japan and just 7%
    in India.

    The growth of electric vehicles will also create opportunities for lithium-ion battery producers, a market
    dominated mainly by China.
    As of 2018, China's lithium-ion battery production capacity accounted for 59% of the total global production capacity, and is expected to increase to 73%
    by 2021.

    According to Bloomberg New Energy Finance (BNEF), electric vehicles and electric buses will increase global electricity demand by 6% in 2040 because they require 2,000 terawatt hours of electricity
    .

    Electric vehicle

    BNEF: Electric vehicles will require 2,000 terawatt hours of electricity in 2040

    BNEF: Electric vehicles will require 2,000 terawatt hours of electricity in 2040

    BNEF's latest forecast shows that global EV sales will grow from 1.
    1 million in 2017 to 11 million in 2025 and 30 million by
    2030.
    Correspondingly, the share of electric vehicles in the global light-duty vehicle market will expand to 11% by 2025, 28% in 2030, 55% by 2040, and 33%
    of the global automotive market.

    "The EV sales outlook will be influenced by how quickly charging infrastructure expands in key markets, as well as the growth of
    shared mobility.
    " BNEF said
    .

    The adoption of electric buses will be even more rapid, and by 2030, 84% of all buses sold will be electric
    buses.
    BNEF noted that China already has more than 300,000 electric buses
    .

    BNEF said that by 2030, electric vehicles will account for 44% of light vehicle sales in Europe, 41% in China, 34% in the US, 17% in Japan and just 7%
    in India.

    The growth of electric vehicles will also create opportunities for lithium-ion battery producers, a market
    dominated mainly by China.
    As of 2018, China's lithium-ion battery production capacity accounted for 59% of the total global production capacity, and is expected to increase to 73%
    by 2021.

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