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Table 2: Annual Sales and Market Share Projections of EVs in the US Projection of Annual EV Sales (Units) in US (Based on total annual light-duty vehicle sales of approximately 17.2 million units)4 38% of total EV sales (BEVs, PHEVs and HEVs) in 2025 1.5 million in 2025 (8.82% market share) 3 million by 2028 (17.65% of new auto sales) 1.28 million by 2026 (7.6% of total US vehicle sales)9 650,000 by 2025 120 BEV models available Source JP Morgan (2018)6 Loren McDonald/EVAdoption.com (2019)8 IHS Markit (2019)10 LMC Automotive (2018)13 1.4 million in 2025 3.5 million by 2030 (> 20% of total vehicle sales)3 Edison Electric Institute for Electric Innovation (2018)5 1.3 million BEVs and PHEVs in 2025 (8% of total vehicle sales) US Energy Information Administration (EIA) (2019)7 9.8% of all new car sales by 2025 59.6% by 2040 Bloomberg New Energy Finance (2019)9 20% to 30% PHEVs or BEVs by 203011 50% to 60% including “mild and full” hybrids by 2030 Boston Consulting Group (2019)12 16% (reference case) by 2040 to 64% (technology case) by 2040 BEV and PHEV in Canada Canada’s National Energy Board (2019)14 8% EV (of new vehicles sold) in the US by 2030 under the New Policies Scenario 29% EV (of new vehicles sold) in Canada by 2030 under the New Policies Scenario > 30% of all vehicles sold in the US and Canada by 2030 under the EV30@30 Scenario International Energy Agency (IEA) (2019)15 In addition, some groups include all types of EVs (HEV, PHEV and BEV) in their projections whereas others 4 18.7 million EVs on the road by 2030 (7% of the 259 million vehicle US stock by 2030) 5 Edison Electric Institute. “Report: Electric Vehicle Sales Forecast and the Charging Infrastructure Required Through 2030.”PDF Image | Reuse and Recycling of Batteries Employed in Electric Vehicles
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