Next year will be huge for electric car launches as Europeans race to catch up
Almost every major European carmaker will launch one or more electric vehicle (EV) models over the next 18 months.
Next year will mark the start of a huge EV ramp-up for the world’s biggest carmakers — and that’s expected to have a serious impact on demand for key battery metals such as lithium, cobalt, manganese, HPA and nickel.
Euro car-makers have a lot of ground to make up on EV leaders Tesla, Nissan and Chinese manufacturers – who continue to break production and sales records every month.
Tesla sold an estimated 22,250 Model 3s in September in the US alone according to this report — the highest ever for sales of a single plug-in electric car in a month, and the first time an EV has beaten 20,000 sales a month in the US market.
French-owned PSA Group — which sells the Peugeot, Citreon, DS, Opel and Vauxhall brands — is undergoing an self-described “electrification blitz” from next year, as it aims for 100 per cent EV core models by 2025.
This is a company that made net profit of about $2.4 billion on car sale revenues of $50 billion in the first half of 2018.
Its Peugeot and Citreon brands showed off fully EV and hybrid versions of its popular models — due for rollout next year — at the Paris Motor Show last week.
It also unveiled its beautiful, fully electric concept Peugeot e-Legend car.
In response to a change.org petition to get the e-Legend into production, Peugeot boss Jean-Phillipe Imparato says:
— Jean-Philippe Imparato (@JPImparato) October 2, 2018
Germany’s Volkswagen Group estimates it will sell 3 million EVs in 2025.
Of that, its I.D. models – which starts production next year – are expected to contribute 1 million of those sales.
Audi, also part of the Volkswagen Group has started production of its e-tron EV ahead of full production in 2019; it’s expected to produce about 20,000 a year.
And the first Mercedes-Benz vehicle under the fully electric EQ brand will be launched by mid-2019 – part of a range that is expected to expand to include 10 new models by 2022.