VFBATTERY REPORT
Industry

Applications: Electric Vehicles (EV)

Page 111 of 518
Battery Report 2024, page 111: Applications: Electric Vehicles (EV)
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BEV-ICE Price Parity Achieved In China, While The Rest Of World Catches Up BEV PREMIUM BY REGION FROM A SALES WEIGHTED AVERAGE OF BEV AND ICE BASE PRICES[1]

CHINA SHARE OF EV MODELS PRICED ABOVE OR BELOW ICEs[1]

Chinese OEMs have achieved price parity by a combination of:

Source: Main content provided by [1] Rho Motion, [2] BloombergNEF (Distinguished Partners)

Underlying cost reductions Intense price competition Economies of scale Local and national incentives for consumers

Extracted from the PDF; charts and images may read imperfectly.

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