Electric Vehicles – Setting a Course for 2030: Deloitte Report

A study titled “Electric vehicles: Setting a course for 2030” has been released by Deloitte. For the first time in 2019, sales of battery electric and plug-in hybrid electric vehicles surpassed the two million mark. We adopt a novel method of market segmentation and provide examples of how to take advantage of opportunities and manage risks in this Deloitte research.

The electric vehicle (EV) market has advanced significantly since Deloitte last provided a sales projection in January 2019, and not just in terms of sales. OEMs have spent billions on everything from R&D to retooling factories to offer new electrified models. Consumer behavior has changed. Governmental initiatives have moved forward and then retreated. Then, however, COVID-19 crippled international trade and production. A revised forecast built on new data is required in this situation.

Battery electric vehicles (BEVs) and plug-in hybrid electric cars (PHEVs) are both referred to as “electric vehicles” (EVs) in this research (PHEVs). Unless otherwise noted, both drivetrain configurations have been taken into account in our analysis.

  • BEVs are powered solely by batteries. They use an electric motor to turn the wheels and produce zero emissions.
  • PHEVs are capable of zero-emission driving, typically between 20 and 30 miles, and can run on petrol or diesel for longer trips.