EVs: A look at the Big Players and Timelines

Electric vehicles (EVs) are currently the primary growth driver of battery metal demand. That’s a good thing because global EV sales are climbing fast, with volumes more than tripling since 2013. According to the EV World Sales Database website, if last year’s growth rate of 42% continues, then 80% of new vehicles sales will be electric by 2030.

Personally, I think the EV adoption rate will accelerate, considering the strength of world-wide, government support for EVs. Did you know, for example, that Norway plans to ban all gas-powered cars by 2025, that the Dutch to ban sales of new gas-powered cars by 2030 and that many others, such as the UK and France are lining up to follow suit? China has already put aggressive EV sales quotas and subsidies in place and similar approaches are being taken by other countries.

chart 1 tn - The Oregon Group - Thinking Big Thoughts
It’s clear that EVs are not just here to stay, they are here to supplant the gas-powered vehicles that we’ve been driving for decades. Importantly for those of us in the battery metals sector, this transition is happening far quicker than a lot of people realize and anticipated.

Who are the major players behind all these EV sales? When most people think EV’s, they think Tesla because, let’s face it, Tesla has a spectacular marketing machine and demand for its vehicles blew past expectations. In fact, early demand for Tesla cars was so great that the global automakers didn’t just sit up and take notice, they took action. A look at recent sales by make and model shows us who the major players are in the current EV market.
Make and Model2017, Q22017, H1Change YoY
Toyota Prius Prime PHEV15,93526,494
Zhi Dou D1/D2 EV12,89418,717+445%
Tesla Model S11,87227,014+21%
Nissan Leaf EV11,48426,785-3%
BJEV EC18010,81017,939
Tesla Model X9,91521,759+204%
BYD e5 EV8,84910,856+189%
BMW i3 EV / EREV8,03315,862+73%
Renault Zoe EV7,98117,180+45%
JAC iEV6S EV7,0148,023+332%
BYD Song PHEV6,8386,838
Mitsubishi Outlander PHEV6,62412,873-17%
Chevrolet Volt EREV6,50113,018+17%
Geely Emgrand EV6,0797,982+110%
SAIC Roewe eRX5 PHEV5,9889,205
Chery eQ EV5,4856,605+24%
Chevrolet Bolt EV5,3158,740
BYD Tang PHEV4,6967,502-61%
Changan Benni EV4,6566,064
VW e-Golf EV3,8465,711+6%
Zotye E200 EV3,7835,949+158%
BMW 330e PHEV3,7797,240+118%
Hyundai Ioniq Electric EV3,5646,057+4196%
Mercedes GLC350e PHEV3,4675,997+1521%
Audi A3 e-Tron PHEV3,3466,467+18%
Others84,721150,137-5%
TOTAL263,565457,014+44%

Toyota, China’s Zhi Dou, Tesla, Nissan, BMW, Chevrolet, Mitsubishi, Volkswagon Mercedes… most of the big automakers have a place on the list and that’s critical because without them, global penetration wouldn’t be possible. 

It’s important to bear in mind that the EV market is notable for how fast it’s moving. For example, Volvo doesn’t make a showing on the top 25 table, however, this Summer the company announced that by beginning of 2019, all new Volvos would be electrified.  Considering that Volvo sells over half a million vehicles per year, that’s a lot of new EV’s soon to be on the road.

Then you have Ford, which sells over 6.7 million vehicles a year, spending $4.5 Billion to develop thirteen new EV models.  By 2020, Ford expects around 40% of it’s new vehicles will be electrified, including pick ups, sports cars, SUVs and sedans.

Even bigger than Ford is GM, which sells over 10 million vehicles a year and has clearly stated that it believes the future is “all electric”. To ensure its leading position as an automaker in the electric future, GM is planning 20 EV models by 2023.

While current global EV numbers are close to three million – a small percentage of the 1.5 Billion vehicles as a whole – most of these were sold during the last few years. Between government legislation, consumer demand and rapid action from automakers, there can be no doubt that EV dominance is purely a matter of time and that time is coming soon.

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The Oregon Group has full editorial control over all content published on this website and the author has not been compensated or remunerated by any person to provide content for The Oregon Group, and all statements and expressions herein are the sole opinion of The Oregon Group. However, from time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

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about the author

Anthony Milewski

Anthony Milewski

Anthony Milewski has spent his entire career in various aspects of the investment world, including as a company CEO, board director, advisor, founder and investor, with a focus on commodities

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