A divided global electric vehicle market could limit OEM economies of scale in manufacturing
Sales of hybrid and battery electric vehicles are set for significant regional divergence, which could fragment economies of scale across automotive production, R&D and technology costs, according to a new powertrain forecast by Automotive from Ultima Media
According to the forecast, the differences in electric vehicle penetration will be significant across large markets. By 2030, EV sales are forecasted to account for only 9% of annual new vehicle sales in the US, where emissions regulations are laxer than in Europe and expected to be loosened further; in China and the EU, electric vehicle market share is expected to be nearly double at 16.3% and 17.6%, respectively.
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