Fuel Cell Electric Vehicles Are Expected To Account For 40% Of The Market In 2030

Fuel Cell Electric Vehicles Are Expected To Account For 40% Of The Market In 2030

Date:Sep 30, 2019

China is the largest market, and no country has a population of 1.5 billion and huge demand.

The world is entering the era of electrification, and China is leading the development of the electric vehicle market. In terms of technology, major manufacturers have introduced pure battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and 48-volt mild-hybrid systems. Although the current development paths of new energy sources in various regions and countries are different, the penalties imposed on the environment by the countries of the world are surprisingly consistent. That is to say, if automakers do not reduce carbon dioxide, they must pay huge fines.

In Europe, strict laws have been enacted that will go to 95g/km by 2021 and 81g/km by 2025. Automakers that fail to achieve this goal will face billions of euros in fines. If according to the current standards of powertrains of major automakers, if the requirements are not met by 2025, then Volkswagen is expected to face at least 6.3 billion euros in fines, Hyundai-Kia has more than 4 billion euros, and FCA exceeds 3.2 billion euros. Ford 2.7 billion euros, Renault 2.1 million euros fine.

From the perspective of automakers, the real purpose of producing new energy vehicles is to meet the emission requirements of the law, and not necessarily to build the cars. Therefore, in the early stage of the development of new energy vehicles, the quality of new energy vehicles is mixed. But the general trend of new energy vehicles will not change.

It is estimated that by 2030, the market share of the battery electric vehicle and fuel cell electric vehicle market will reach 30% or 40%. In addition, the share of plug-in hybrid and hybrid vehicles is expected to reach one-third of the total number of cars. Here, the 48-volt mild-hybrid is becoming mainstream. In other words, this means that the proportion of cars with only internal combustion engines will drop to 20/30%.

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