Global EV sales 2022 to 2050 – policy triggers sales redistribution

Electric vehicle sales globally have continued to increase as expected with policy continuing to drive changes in market dynamics. Particularly changing the distribution of sales within the wider plugin electric vehicle category. China’s winding down of its new energy vehicle (NEV) subsidies on top of its dismantling of its Covid-19 containment measures back in January singlehandedly kneecapped the price of lithium salts down to 30% of highs seen last November as NEV demand halved going into the new year. Lithium only began making consistent gains indicating a recovery in the first weeks of this month, really highlighting the importance of the Chinese market to lithium prices. Germany also elected to change its EV subsidization policy to completely exclude plugin-hybrid electric…