Applications: Electric Vehicles (EV)

BEVICE Price Parity Achieved In China, While The Rest Of World Catches Up BEV PREMIUM BY REGION FROM A SALES WEIGHTED AVERAGE OF BEV AND ICE BASE PRICES1

CHINA SHARE OF EV MODELS PRICED ABOVE OR BELOW ICEs1

Chinese OEMs have achieved price parity by a combination of:

Source: Main content provided by 1 Rho Motion, 2 BloombergNEF Distinguished Partners)

Underlying cost reductions Intense price competition Economies of scale Local and national incentives for consumers

Extracted from the PDF; charts and images may read imperfectly.