Electric Vehicle Outlook 2021

The Electric Vehicle Outlook is BloombergNEF’s annual long-term publication looking at how electrification, shared mobility and autonomous driving will impact road transport from now out to 2050. It covers light-duty passenger vehicles, commercial vehicles, buses, and two/three-wheeled vehicles. The report looks at scenarios for how these trends will impact the automotive, energy, infrastructure and battery materials markets over the coming decades. Regarding batteries, the report points out that EV battery demand is rising quickly, with 2020 shipments 45% higher than in 2019. By 2030, demand grows almost 15-fold. You can read the Executive Summary of the report here.