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A Regional Analysis of Electric LDV Portfolio Choices by Vehicle Manufacturers

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  • Aditya Ramji
  • Hanif Tayarani

Abstract

Global light duty electric vehicle (EV) sales exceeded 10.5 million units in 2022, with a year-on-year growth of 55%, but these trends differ regionally. Despite the robust growth, upfront purchase price remains a challenge for consumers in different regions, and thus, OEMs make technology choices to respond to market needs. This paper examines the electrification portfolio choices of three major automotive manufacturers (OEMs) in different regions of the world, including Europe, Americas, Asia Pacific, and Africa/Middle-East. The analysis focuses on trends in dominant segments for Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV), as well as battery chemistry choices. Regional differences show a trend towards SUVs for both BEVs and PHEVs. Tesla's dominance in the BEV market influences battery chemistry choices. Average battery sizes for BEVs remain similar in Europe and Americas, but lower in Asia Pacific and Africa/Middle East.

Suggested Citation

  • Aditya Ramji & Hanif Tayarani, 2023. "A Regional Analysis of Electric LDV Portfolio Choices by Vehicle Manufacturers," Papers 2307.03808, arXiv.org.
    • Handle: RePEc:arx:papers:2307.03808
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    File URL: http://arxiv.org/pdf/2307.03808
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