Q3 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

• • Three new fully electric Nissan models confirmed and further investment in UK gigafactory capacity
  • Increased battery demand by 4 GWh, in 2027, based on increased production of BEV passenger cars
  • ZEV mandate and UK investment starting to see impact in higher BEV numbers
  • The United States’ Inflation Reduction Act has shifted investment momentum away from Europe