Applications: EV

BEV vs. PHEV Pure BEVs Remain the Main EV Type but PHEVs Serving as a Transition Technology for Longer China: Despite their popularity, PHEV growth has cooled this year:

Falling battery costs encourage OEMs to launch more BEV models

Improvements in fast-charging tech for BEVs have eased anxiety

Charging infrastructure has expanded and can support growing demand for fast-charging

BEVs benefit disproportionately from trade-in subsidy – small vehicle segments get same subsidy as larger models but do not use PHEV powertrains

In some cities, incentives slightly more favourable for BEVs

Intensifying competition in the BEV space: more entrants, more model launches, and technology improvements Ex.China: PHEVs serving as a transition technology for longer:

Broader model availability, including competitive Chinese models

Larger battery packs encouraged by regulations

OEMs in Europe and US are falling back on full hybrid and plug-in hybrid offerings, as regulations are allowing them greater flexibility

Pullback of BEV targets by several OEMs and countries

Source: Data from CRU Group Distinguished Partner), GlobalData, national industry associations. Showing passenger cars and light commercial vehicles. Dec-2025 volumes are partially estimated. | EREV = extended range electric vehicle; REEV = range-extended electric vehicle

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