Source page: McKinsey & Company
Commentary
The electric-vehicle outlook is stronger in China and Europe than in the United States
Automotive | Mobility
October 19, 2020 – By 2030, regulations and incentives in China and Europe will likely propel electric-vehicle market share to at least a third of all light-vehicle sales. In the United States, that much market share would require an aggressive pickup in sales.
To read the article, see “Electric mobility after the crisis: Why an auto slowdown won’t hurt EV demand,” September 16, 2020.
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Visual form
Bar Chart: regional electric-vehicle share comparison with 2020 actuals and 2030 scenarios.
Layout / body structure
The chart is organized by region, with China, Europe, and the United States shown in parallel. Each region starts with its 2020 actual share and then shows base and aggressive 2030 outcomes.
What is being compared
It compares electric-vehicle share of the light-vehicle market across China, Europe, and the United States under base and aggressive 2030 scenarios.
Measurement system
The measure is percent share of the light-vehicle market. Each region has one 2020 actual value and two 2030 projections.
Visible structure inside the graphic
China and Europe start above the United States and remain ahead in both 2030 scenarios. The United States has the lowest base-case endpoint and needs the aggressive case to approach the one-third threshold.
Main takeaway from the visual
The chart shows that EV adoption is expected to advance faster in China and Europe than in the United States, driven by stronger policy and market momentum.
Key standout values or extremes
China and Europe are both 7 percent in 2020, while the United States is 3 percent. By 2030, the base scenario is 37 percent in China, 33 percent in Europe, and 17 percent in the United States; the aggressive scenario is 52 percent, 44 percent, and 36 percent.
Controls / sequence, when applicable
This is a static regional scenario bar chart; there are no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the EV regional scenario chart is the full visual on this page.