ARKANSAS, Oct 10 (Future Headlines)- The electrification of the global automotive market is rapidly evolving, with plug-in hybrid electric vehicles (PHEVs) playing a significant role in this transformation. Data from Adamas Intelligence reveals a substantial increase in PHEV battery capacity deployment during the first seven months of 2023, with nearly 41 gigawatt-hours (GWh) of fresh battery capacity integrated into newly sold PHEVs worldwide. This surge in battery capacity is projected to continue, potentially surpassing 80 GWh by the end of the year, representing a remarkable 60%-plus year-on-year growth.

This remarkable growth in battery capacity can be attributed to the combination of increased PHEV sales and a steady rise in the average battery size. In July of this year, the average passenger electrified vehicle sold globally boasted a battery pack capacity of 35.6 kilowatt-hours (kWh), marking a nearly 10% increase from the previous year.

Notably, plug-in hybrids have seen a remarkable 14% year-on-year increase in average battery capacity, highlighting automakers’ efforts to enhance battery power. This shift is particularly noteworthy, considering conventional hybrid electric vehicle (HEV) batteries have remained stagnant at around 1.2 kWh for years, with HEVs continuing to be popular in key markets like Japan. The average battery size of 35.6 kWh represents a substantial increase.

In parallel, battery electric vehicles (BEVs) have also witnessed growth, with their average battery capacity rising by 9% to reach an average of 62.2 kWh in July of this year. This figure closely aligns with the battery capacity of standard-range Tesla Model 3s manufactured in China and Model Ys made in Germany.

Specifically focusing on PHEVs, their batteries averaged 20.2 kWh in July, reflecting a 14% increase from the same period in the previous year. Some popular PHEVs available in China, such as the Li Auto L9, even boast batteries twice that size. This substantial growth becomes evident when compared to PHEVs from five years ago, which were equipped with only 12 kWh batteries.

Market trends also highlight the growing prominence of PHEVs in the global automotive landscape. PHEVs captured a 21% global market share by the end of July, up from 16% in 2020. This increase is mirrored by a 50% year-on-year growth in PHEV sales worldwide. In contrast, battery-electric vehicles have seen a 34% increase in sales over the same period.

Regionally, China stands out as a significant market for PHEVs, where they have secured a 30% market share in terms of unit registrations this year. In the United States, PHEVs have faced a shift in market dynamics, with their market share decreasing to just 11%, a notable decline from 22% in Europe.

In summary, the surge in PHEV battery capacity deployment is reshaping the global automotive landscape. This trend highlights the industry’s commitment to enhancing electrified vehicles, enabling longer electric-only ranges, and contributing to the transition to a more sustainable future in transportation.

Reporting by Alireza Sabet; Editing by Sarah White