Q2 2023 Automotive industry demand forecast

The data in these demand graphs is based on APC insight from our close relationship with UK OEMs on xEV production, APC Automotive Council PEMD traction specifications coupled with published data from IHS, Rho Motion and BNEF powertrain splits used to guide 2030 demand forecast.

 Key headlines

• • Increased demand from BEV (battery electric vehicle) passenger cars pushes 2030 demand up to 90 GWh (from 89 GWh previous quarter) 
  • Increase in 2027 battery demand from 37 GWh to 40 GWh 
  • Overall, 2030 electrified vehicle ( xEV) production reduced from 1.3 to 1.2 million – reductions in ICE-led and plug-in hybrid electric vehicles (PHEV)  
  • Manufacturers looking to reduce electric vehicle costs triggered by perceived threat from China 
  • Meeting the current timeline for EU rules of origin continues to be a key challenge for UK-based BEV manufacturers