In a landmark revelation, the 2024 Global E-Mobility Forecast Report, presented by Juice Technology and Future Matters, anticipates a substantial surge in electric and hybrid car registrations in Europe and the US. The report projects a market share of 50% by 2025 and an impressive 80% by 2030, attributing this growth to various factors shaping the e-mobility landscape globally.
Key Trends:
1. European and US Registrations on the Rise
The study predicts a remarkable shift in new car registrations in Europe and the US, with electric vehicles, both hybrid and pure electric, expected to account for 50% by 2025 and a substantial 80% by 2030.
This optimistic outlook is fueled by the availability of competitively priced electric vehicles from emerging manufacturers in the US, China, and other Asian markets. However, the report points attention on the vulnerability of this trend to unfavorable policies or lobbying efforts aimed at hindering electric mobility progress.
2. Fleets and Companies as Growth Drivers
Contrary to past trends where electric vehicles primarily attracted private consumers, the report underscores the increasing relevance of the commercial fleet segment. Estimates suggest a growth in the share of registrations from 15% to 45% by the end of 2025 globally. This surge is driven not only by environmental considerations but also economic factors, including the growing supply of mid-range electric vehicles and a shift towards evaluating the Total Cost of Ownership (TCO).
3. Cheaper Tariffs and Renewable Energies
The forecast anticipates a decline in energy prices and the availability of variable energy tariffs in the medium and long term, influenced by the rising share of renewable energies in the energy mix. This trend is expected to contribute significantly to the development of e-mobility and charging infrastructure.
4. Smart Load Management Systems
As cars take on a pivotal role in stabilizing local electricity grids, the report highlights the importance of smart load management systems. These systems are essential to charging station functionality and are identified as crucial for stakeholders, include vehicle manufacturers, grid operators, and customers.
Juice Technology AG, headquartered in Bachenbülach, Switzerland, stands out as a one of the major leader in manufacturing charging solutions for electric vehicles.
