Industry Analyst -- Fuel Economy
Erin researches and reports on fuel-economy trends and environmental regulations.
Latest From Erin Sunde
BEV sales declined in the car segment, but hit record share in CUVs.
Despite some product delays or cancellations, the U.S. market will offer enough BEV models to customers, who generally are open to researching a variety of options, and bring significant growth in share and volume next year.
A rise in electrified powertrain share helped to lift the monthly results, but the shift in consumer demand to larger, less-efficient vehicles overall kept the year-to-date results down.
A decline in the car fleet was balanced by improvement in CUVs.
Automotive industry experts point to the post-2030 timeframe for BEVs to be similarly priced to ICE cars, with a majority predicting lithium-ion battery packs will reach $100/kWh after 2025.
Regulations around the world point to automakers as the responsible parties for end-of-life lithium-ion battery packs in their products. Traditional recycling methods have been inefficient and costly, but with a surge of EVs coming off the roads in the next few years, new processes can better match material supply with rising demand.