Applications: Electric Vehicles (EV)

Many OEMs Shifting Toward Plug-in Hybrids CHINA IS DRIVING A PHEV RESURGENCE, AND WITH BIGGER BATTERY PACKS THAN ELSEWHERE

PHEVS PROVIDE MODEST CONTRIBUTION TO BATTERY DEMAND IN SHORTTERM

PHEVs are benefiting from more favorable pricing, similar incentives to BEVs China only), vehicle variety, and increased driving range with bigger packs

Series range-extender EVs are in a revival, starting with Chinese and now US automakers. EREVs constitute almost one third of PHEV battery demand

EU regulations are encouraging OEMs to increase pack capacities, but the 2035 ZEV-only mandate restricts PHEVs

US OEMs have been leaning on their hybrid vehicles offerings, and latest EPA emissions standards allow them greater flexibility in meeting average emissions targets using different powertrains

PHEVs are propping up the battery demand growth rate in the short term, but on balance the pivot to hybrids constitutes a net downgrade to battery demand as pack capacities are much smaller than BEVs

PHEVS FASTEST GROWING xEV TYPE THIS YEAR

Source: Content & analysis provided courtesy of CRU Group Distinguished Partner). For more information, visit https://www.crugroup.com. Range extender EVs EREV included in the PHEV category.

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