Featured in The compelling case for big batteries – 08-2021

EV race heats up

The race to electrify passenger cars is picking up pace, writes Prachi Mehta, senior research analyst for Wood Mackenzie. Competition among leading EV automakers is fierce, as 2024 looms as a watershed year when auto battery-pack prices cross a key consumer threshold.
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pv magazine
Image: Wood Mackenzie

Battery electric vehicles (EVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year. Our research indicates that in 2050, we will see 875 million electric passenger vehicles, 70 million electric commercial vehicles, and 5 million fuel cell vehicles on the roads. This brings the grand …

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