{"id":2279,"date":"2025-07-03T12:19:00","date_gmt":"2025-07-03T10:19:00","guid":{"rendered":"https:\/\/nextmobility.be\/non-categorise\/%f0%9f%94%8b-etat-du-marche-des-vehicules-electriques-juin-2024-%f0%9f%9a%97\/"},"modified":"2025-09-17T13:35:28","modified_gmt":"2025-09-17T11:35:28","slug":"%f0%9f%94%8b-electric-vehicle-market-update-june-2024-%f0%9f%9a%97","status":"publish","type":"post","link":"https:\/\/www.nextmobility.be\/en\/post-2\/%f0%9f%94%8b-electric-vehicle-market-update-june-2024-%f0%9f%9a%97\/","title":{"rendered":"\ud83d\udd0b Electric Vehicle Market Update: June 2024 \ud83d\ude97"},"content":{"rendered":"\n

Here’s a quick comparison of the key insights from the latest BloombergNEF Electric Vehicle Outlook 2024 and the European EV Market Briefing June 2024 from Transport & Environment (T&E). <\/p>\n\n\n\n

Both reports highlight the growth and stagnation phases in the EV market.<\/p>\n\n\n\n

Interesting as we just read the announcement that Volkswagen and Rivian announced plans for a joint venture.<\/p>\n\n\n\n

\ud83c\udf0d BloombergNEF Electric Vehicle Outlook 2024<\/h2>\n\n\n\n

\ud83d\udccc Global EV Sales: <\/strong>Expected to exceed 14 million units in 2024, a growth of 35% year-over-year.<\/p>\n\n\n\n

\ud83d\udccc Market Expansion: <\/strong>Record sales in developing economies, with Thailand seeing a 50% increase, India a 45% rise, Turkey a 40% jump, and Brazil a 30% surge.<\/p>\n\n\n\n

\ud83d\udccc Policy and Geopolitics:<\/strong> Policy changes and geopolitical tensions impact EV adoption rates.<\/p>\n\n\n\n

\ud83d\udccc Battery Prices: <\/strong>Dropped by 90% over the past decade, with a further 10% decline anticipated in 2024.<\/p>\n\n\n\n

\ud83d\udccc Technological Advancements: <\/strong>New battery technologies could reduce costs by 15-20% over the next five years.<\/p>\n\n\n\n

\ud83d\udccc Challenges<\/strong>: Uncertainty in Europe’s policy support and fluctuating U.S. market conditions ahead of the 2024 presidential election.<\/p>\n\n\n\n

\ud83d\udcc8 European EV Market Briefing June 2024 from Transport & Environment (T&E)<\/h2>\n\n\n\n

\ud83d\udccc Market Stagnation<\/strong>: Expected stagnation phase due to regulatory cycles; EV sales have plateaued.<\/p>\n\n\n\n

\ud83d\udccc Regulatory Impact: <\/strong>EU CO2 targets in 5-year steps create stop-and-go momentum.<\/p>\n\n\n\n

\ud83d\udccc Pricing Trends<\/strong>: Average EV price increased from below \u20ac30,000 in 2021 to over \u20ac40,000 in 2024, with large EVs making up 60% of sales.<\/p>\n\n\n\n

\ud83d\udccc Future Growth<\/strong>: From 2025, EV sales are expected to reach 21% of total car sales to meet new CO2 targets, up from 12% in Q1 2024.<\/p>\n\n\n\n

\ud83d\udccc Investment and Competitiveness<\/strong>: Europe secured 26% of global EV investment between 2021-2023, trailing North America at 37%.<\/p>\n\n\n\n

\ud83d\udcca Key Figures & Charts:<\/h2>\n\n\n\n

\ud83d\udccc Global EV Sales Trends (BloombergNEF): EV sales are projected to rise to 14 million units in 2024.<\/p>\n\n\n\n

\ud83d\udccc Battery Prices (BloombergNEF): LFP battery cell prices declined by 10% in 2023, with further reductions expected.<\/p>\n\n\n\n

\ud83d\udccc Price Trends in Europe (Transport & Environment (T&E)): EV average prices increased by \u20ac10,000 from 2021 to 2024, with large EVs comprising 60% of sales.<\/p>\n\n\n\n

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Here’s a quick comparison of the key insights from the latest BloombergNEF Electric Vehicle Outlook 2024 and the European EV Market Briefing June 2024 from Transport & Environment (T&E).  Both reports highlight the growth and stagnation phases in the EV market. Interesting as we just read the announcement that Volkswagen and Rivian announced plans for a joint venture. \ud83c\udf0d BloombergNEF Electric Vehicle Outlook 2024 […]<\/p>\n","protected":false},"author":1,"featured_media":2267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[66],"tags":[],"class_list":["post-2279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-post-2"],"acf":[],"yoast_head":"\n\ud83d\udd0b Electric Vehicle Market Update: June 2024 \ud83d\ude97 - Next Mobility<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nextmobility.be\/en\/post-2\/%f0%9f%94%8b-electric-vehicle-market-update-june-2024-%f0%9f%9a%97\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\ud83d\udd0b Electric Vehicle Market Update: June 2024 \ud83d\ude97 - Next Mobility\" \/>\n<meta property=\"og:description\" content=\"Here’s a quick comparison of the key insights from the latest BloombergNEF Electric Vehicle Outlook 2024 and the European EV Market Briefing June 2024 from Transport & Environment (T&E).  Both reports highlight the growth and stagnation phases in the EV market. 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