Sustainability, Energy Transition, ESG

EVs: We Could See a Competitive Bloodbath in 2024
October 13, 2023
Companies Mentioned:
Tesla, BYD, Li-Auto, GM, Ford, Stellantis, Hyundai, Kia, Lucid, Rivian, ADNOC, Aker Carbon Capture, BASF, Electric Hydrogen, Lithium Americas, Origin Materials
Commodities Mentioned:
Hydrogen, Ammonia, CO2, Wind, Solar, Lithium
Subjects Covered:

C-MACC Weekly Sustainability and Energy Transition Report

EVs: We Could See a Competitive Bloodbath in 2024

  • More production capacity, cheap availability from China, more new entrants, and much higher borrowing rates paint a worrying picture for EVs in 2024.
  • The net result will likely still be robust EV demand but driven partly by lower prices, which will be bad news for the automakers and their suppliers.
  • We expect 2024/25 to see a shakeout in many energy transition spaces with the number of providers in most sectors shrinking – EVs should be no exception.
  • We look again at the common sense of CCS and the blue economy and highlight the significant cost advantages that blue offers while still driving lower emissions.
  • Otherwise, we see cost-related progress in carbon capture but room for more, and we again question the pace of renewable power development versus demand.

See PDF below for all charts, tables and diagrams


Client Login

Learn About Our Subscriptions and Request a Trial

to gain full access and experience our services!

Request a Free Trial