With the rapid expansion of the new energy vehicle market, global automotive companies are increasingly betting on China’s electric vehicle (EV) sector. Foreign media have highlighted that electric vehicles are no longer just a Chinese phenomenon—they are becoming a global trend. In 2018, Xiaobian compiled 24 insightful predictions about the future of the global EV market, offering a glimpse into what was to come.
2017 marked a significant turning point in the shift toward electric mobility, sparking curiosity about what would unfold in 2018. What major developments were expected? Which milestones would be achieved? Here are more than 20 key predictions for the evolution of the electric vehicle market in 2018:
[Image: 24 points in the 2018 electric car market]
1. ExxonMobil or BP may acquire electric vehicle charging companies to strengthen their presence in the green energy space.
2. Chinese automaker GAC Motors planned to enter the U.S. market in 2019 through a partnership with Fiat Chrysler (FCA), introducing electric CUVs.
3. Tesla launched its Y-CUV during a highly anticipated live event, securing over 500,000 pre-orders within a week.
4. Tesla joined the solid-state battery development race, aiming to launch a model featuring this advanced technology by 2023.
5. California saw electric vehicle sales approach 10% of all new car sales, signaling a strong shift toward sustainability.
6. U.S. electric vehicle sales nearly doubled, reaching 2% of total new car sales.
7. Tesla won a landmark case at the U.S. Supreme Court, allowing direct sales in all 50 states.
8. Ford and GM announced plans to introduce plug-in hybrid electric vehicle (PHEV) versions of large SUVs and pickup trucks.
9. Fiat Chrysler (FCA) received a major investment from Google and partnered with Guangzhou Automobile to develop electric drive systems for future models.
10. A shortage of skilled labor led to delays in the installation of EV charging stations across the U.S.
11. Several U.S. states proposed or implemented new taxes and fees to offset potential declines in gasoline tax revenue.
12. Fisker and Geely focused on solid-state battery research and innovative vehicle design.
13. BMW and Mercedes-Benz planned to integrate wireless charging technology into all new EV models by 2021.
14. The U.S. aimed to increase public charging stations to 60,000 from the current 46,944.
15. Tesla opened 50 “super†charging centers worldwide, each equipped with over 40 charging piles.
16. General Motors partnered with Panera Bread in California to test a new concept combining fast charging, showrooms, and food services.
17. Google introduced a home EV charging station under the Nest brand and expanded its mobile advertising-based charging network, with plans to acquire Volta Charging.
18. At least five countries or cities planned to ban diesel vehicles, though the U.S. was not among them.
19. Whole Foods significantly expanded its EV charging stations, offering free access to Amazon Gold members.
20. Global EV sales reached 1.75 million units in 2018, bringing the total to 4.75 million globally.
21. The Tesla Model 3 became a bestseller, breaking records as the first EV to sell over 200,000 units in a year, with monthly sales exceeding 10,000 and 20,000 units in the U.S.
22. Tesla’s global sales surpassed 300,000 units in 2018.
23. China’s EV sales nearly doubled, reaching 1 million units.
24. A major fleet operator placed an order for 1,000 Chevrolet Bolts, signaling growing demand for electric commercial vehicles.
These predictions reflected the dynamic and fast-evolving nature of the electric vehicle industry, highlighting both technological advancements and strategic moves by major players around the world.
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