Future of Electric Car Batteries and Hydrogen for Mass e-Mobility

Electrification of passenger cars and commercial vehicles will play an important role on the journey towards a carbon neutral society. While batteries take central stage, hydrogen has the potential to be an important, safe, low-carbon transport fuel, particularly for heavy-duty transport such as trucks, buses and shipping.

This report examines the impact of technology and market forces to unveil the future of battery and hydrogen mobility.

• Learn about innovative research to tackle technological challenges of cost, energy density, storage and infrastructure;

• Understand the development of regulation and policy which could remove the barrier of developing infrastructure;

• Assess the strategies of players to build strong position in future mobility.

"6.9 million EVs were sold in China in 2022, surging by 94% y-y, said CAAM."

• NEV sales reached 2.5 million in China, vs. 1.1 million in Europe and 0.4m in the US in the first half of 2022.

• Electric car penetration rose to 24% in China, vs. 20% in Europe and just 6% in the US;

• Europe widens the gap compared to the US

China's new car sales rose by 3.4% to 10.4 million in H1 2022, but NEVs saw a 107% y-y increase. China's BEV & PHEV cars (New Energy) reached 24% market share in H1 2022, according to CAAM.

In Europe, ACEA reported that BEV penetration reached 12% while ICE's share dropped to 53.4% in Q1-Q3 2022. Electric car sales (BEV + PHEV) reached 1.7m, or 20.4% of the mix with HEVs accounting for 23.7%.