At the end of last year, Donald Trump was re-elected as the President of the United States.
During his campaign, Trump had consistently
criticized electric vehicle (EV) promotion policies, even going so far as to
label green energy initiatives centered around EVs a "Green New
Scam."
By May, the Republican-controlled Congress
had begun turning this stance into policy.
The Senate passed a resolution prohibiting
state governments, particularly those like California, from implementing
vehicle emissions regulations aimed at accelerating the transition to
eco-friendly vehicles.
The House of Representatives passed a bill
named the “One Big Beautiful Bill.” This bill aimed to scale back benefits from
the previous administration’s Inflation Reduction Act (IRA), such as tax
credits. As a result, the expiration date for battery cell production subsidies
was brought forward by one year, and the $7,500 EV tax credit for vehicles
meeting origin requirements was shortened by six years compared to the original
plan. These changes created new limitations on the growth of the U.S. EV market.
Although stricter criteria for Foreign
Entities of Concern (FEoC) will further restrict Chinese companies operating in
the U.S., the previously mentioned developments have cast doubt on the market's
growth potential itself. Given Trump’s characteristic negotiation style—often
marked by abrupt tariff proposals—the instability of the U.S. EV market appears
to have increased significantly.
This report forecasts the EV market’s growth trend in the midst of such volatility, focusing on long-term movement despite short-term turbulence. While the forecast was developed prior to the recent passage of the bills by the U.S. Congress, it should still serve to illustrate the general direction of the market.
In this edition, we have worked to improve
usability compared to the previous database version. We added a table of
contents tab, applied hyperlinks, and included a function-based chart for
reviewing passenger EV forecasts by OEM, aiming to enhance user convenience.
We hope this report, reflecting key
developments in the EV market, will be a valuable resource for industry
stakeholders.
Contents
1. Car Total
2. EV & Battery by Type
2.1
NCMvsLFP
2.2
LV data by OEM
2.2.1
Sample for using
2.3
OEM LV forecast by Region
2.4
OEM LV forecast by Cathode
3. EV & Battery by Region
4. EV Portion by Region
4.1
EV Portion by Region
4.2
LV Car EV Portion by Region
4.3.1
LV Car EV Portion_USA
4.3.2
LV Car EV Portion_NA
4.3.3
LV Car EV Portion_EU
4.3.4
LV Car EV Portion_CN
4.3.5
LV Car EV Portion_JP
4.3.6
LV Car EV Portion_KR
4.3.7
LV Car EV Portion_Asia
4.3.8
LV Car EV Portion_Others
5. Bus by Region Summary
5.1
Bus by Region Summary
6. Truck by Region Summary
6.1
Truck by Region Summary
7. Battery Market forecast
7.1
EV average Battery Capa
7.2
Battery Price forecast
7.3
Battery Market forecast
8 Battery Demand & Supply
8.1
Battery Supply
8.2
Battery Prod by Region
8.3
ESS Market forecast
8.4
Demand & Supply
8.4.1
Demand & Supply(China
8.4.2Demand
& Supply(Non China)
8.4.3
Demand & Supply(Europe)
8.4.4
Demand & Supply(NAme)
[ Appendix ]
PV by Region
Truck by Region
Bus by Region
Battery Design Capa
Battery Real Capa