Q3 2022 Automotive industry demand forecast
The data in these demand graphs is based on APC insight from our close relationship with UK OEMs on xEV production, APC Automotive Council PEMD traction specifications coupled with published data from IHS, Rho Motion and BNEF powertrain splits used to guide 2030 demand forecast.
- Expectation for world battery demand forecast to be on track to exceed 2,900 GWh by 2030, with the UK still set to exceed 90 GWh
- BEV production in both UK and Europe revised marginally downwards, due to project and production delays as a result of economic uncertainty and supply chain issues
- A desire for cheaper vehicles sees the transition to fully electric vehicles slowing down
- Silicon carbide identified as a solution to help reduce battery size, meet demand, and overall vehicle cost