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In 2017, global EV sales reached 1.
09 million units, up 57% year-on-year, supported
by lower battery prices and strong demand in China.
Global electric vehicle sales in 2017 reached 1.
09 million units, up 57% y/y
According to the latest report by Bloomberg New Energy Finance (BNEF), UN Environment and the School-UNEP Collaborating Centre in Frankfurt, electric vehicle sales in China reached 533,000 last year, followed by Europe with 280,000 and North America with 210,000.
Light-duty electric vehicles account for only 1.
8% of the EV market share, but in some markets, their penetration is increasing
significantly.
Norway is one example, with the share of light electric vehicles accounting for about 40%
in the latter months of 2017.
Due to technological advances and economies of scale, battery prices have been falling
in recent years.
"Similar to the reduction in the cost of solar and wind energy, this trend is also showing this downward trend in the cost of batteries, which are a key component of
electric vehicles.
If the cost decline continues, the relative economy could lead to a rapid increase in the share of electric vehicles in the global automotive market over the next decade without subsidies
.
The report said
.
BNEF modelling suggests that the average price of lithium-ion batteries could almost halve from $209 per kWh in 2017 to $
109 per kWh by 2025.
Costs in 2017 were 23%
lower than in 2016.
The reduction in costs will depend on further EV market expansion, which will drive economies of scale in production, as well as lower costs for metals such as lithium and cobalt
.
，
In 2017, global EV sales reached 1.
09 million units, up 57% year-on-year, supported
by lower battery prices and strong demand in China.
Global electric vehicle sales in 2017 reached 1.
09 million units, up 57% y/y
09 million units, up 57% y/y
According to the latest report by Bloomberg New Energy Finance (BNEF), UN Environment and the School-UNEP Collaborating Centre in Frankfurt, electric vehicle sales in China reached 533,000 last year, followed by Europe with 280,000 and North America with 210,000.
Light-duty electric vehicles account for only 1.
8% of the EV market share, but in some markets, their penetration is increasing
significantly.
Norway is one example, with the share of light electric vehicles accounting for about 40%
in the latter months of 2017.
Due to technological advances and economies of scale, battery prices have been falling
in recent years.
"Similar to the reduction in the cost of solar and wind energy, this trend is also showing this downward trend in the cost of batteries, which are a key component of
electric vehicles.
If the cost decline continues, the relative economy could lead to a rapid increase in the share of electric vehicles in the global automotive market over the next decade without subsidies
.
The report said
.
BNEF modelling suggests that the average price of lithium-ion batteries could almost halve from $209 per kWh in 2017 to $
109 per kWh by 2025.
Costs in 2017 were 23%
lower than in 2016.
The reduction in costs will depend on further EV market expansion, which will drive economies of scale in production, as well as lower costs for metals such as lithium and cobalt
.
，
