<2025.2H> Global xEV Market and Battery Supply & Demand Outlook (~2035)_DB ver.
At the end of last year, Trump returned to
office as the new President of the United States.
Since his candidacy, Trump had been highly
critical of electric vehicle (EV) adoption policies. He even went so far as to
label eco-friendly energy policies centered on EVs as a “Green New Scam”.
As time passed, in May, resolutions passed
by the Republican-controlled House and Senate turned Trump’s policy direction
into reality.
In the Senate, a resolution was passed to
prohibit state-level policies—led by California—that promote the transition to
eco-friendly vehicles through vehicle emission regulations.
The House passed a bill called the “One Big
Beautiful Bill.” This bill aimed to roll back incentives such as tax credits
included in the IRA enacted under the previous Biden administration. As a
result, the termination date of the battery cell manufacturing subsidies was
moved up by one year.
In addition, the $7,500 tax credit for EVs
that meet the rules of origin was shortened by six years compared to the
original plan. As a result, significant constraints emerged for the growth of
the U.S. EV market. Korean LIB companies that had already entered the U.S. and
established EV-use LIB production lines are now pursuing an alternative
strategy of repurposing these lines for ESS-use LIB production to target the
ESS market.
The concept of Foreign Entity of Concern
(FEoC) has been replaced with a stronger standard called PFE (Prohibited
Foreign Entity). As a result, the activities of Chinese companies in the U.S.
market are expected to face stronger restrictions. However, due to the early
termination of EV tax credits in the United States, growth in the North
American EV market is not expected to be easy in the near term.
This report forecasts the growth trajectory
of the electric vehicle market, which continues to move steadily even amid such
volatile circumstances. Although the forecast was made before the passage of
the bills in the U.S. Senate and House, it should still be sufficient to
illustrate the overall direction of the market.
From the first half of the year, the report
has focused on making the DB version easier to use. To improve user
convenience, we added a table of contents tab, implemented hyperlinks, and
created function-based charts that allow users to view passenger EV forecasts
by automaker.
We hope that this report—reflecting the key
developments in the electric vehicle market—will be helpful to industry
stakeholders.
Contents
1. Car Total
2. EV & Battery by
Type
2.1 NCMvsLFP
2.2
LV Electrification Outlook
2.3
LV data by OEM
2.3.1 Sample for using
2.4
OEM LV forecast by Region
2.5
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