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