Outlook: The gradual and localised transition to electric

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Plug-in vehicles, which include battery electric and plug-in hybrid electric vehicles (BEV and PHEV), accounted for 13% of the global production of light vehicles in 2022: a 5% increase on the previous year, while the production of ICE vehicles dropped by 5%. Worldwide, the sales of plug-in vehicles increased by 3.5 million units to reach 10 million in 2022, with a target of 14 million for 2023. (source : Boston Consulting Group – 2023 Study)

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The consultants at BCG propose two EV market scenarios to 2030, depending on whether or not production (and prices) are affected by materials shortages (lithium, nickel) which are essential for batteries. Regardless of