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Demand for Electric Vehicles (EV’s)

Mahenge Liandu Graphite Project | June 2016


Source: Bloomberg New Energy Finance – Electric Vehicles to be 25% of Global Car Sales by 2040 – Feb 25



Bloomberg New Energy Finance suggests that further big reductions in battery prices lie ahead, and that during the

2020s EVs will become a more economic option than gasoline or diesel cars in most countries

EVs come in two categories – battery electric vehicles (‘BEVs’), that rely entirely on their batteries to provide power;

and plug-in hybrid electric vehicles (‘PHEVs’), that have batteries that can be recharged but have conventional engines

as back-up

The best-selling BEV over the last six years has been the Nissan Leaf, and the best-selling PHEV the Chevrolet Volt

The study, published in February 2016, forecasts that sales of electric vehicles will hit 41 million by 2040, representing

35% of new light duty vehicle sales