Matthew: Global EV sales growth is slowing toward 20% in 2024
Shanu Matthew · Climate tech’s tough year in the public markets · Mar 14, 2024 · at 21:15
Shanu Matthew, portfolio manager at Lazard, discusses historical EV growth rates and forecasts from BNEF, Rho Motion, and S&P Global Mobility.
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“2020 to 21, you saw like a hundred percent growth. 21, 2021 to 22, you saw a 64% growth. And this is the global growth rate for electric vehicles defined as battery electric vehicles and plug in hybrid vehicles. And then you saw 33% growth in this last year, and if we look at market forecasts, whether you look at like BNAF, RoMotion S&P Global Mobility, you're looking at closer to 20% growth in the overall market.”
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