---
title: "BUZZ-State policies, tech upgrades to drive BEVs long term - RBC"
description: "** RBC raises its long term expectations for battery electric vehicles(BEVs), seeing a robust growth by 2050, while cutting slightly medium term forecasts amid lagging demand"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/102815727.md"
published_at: "2023-11-20T13:24:11.000Z"
---

# BUZZ-State policies, tech upgrades to drive BEVs long term - RBC

> ** RBC raises its long term expectations for battery electric vehicles(BEVs), seeing a robust growth by 2050, while cutting slightly medium term forecasts amid lagging demand

\*\* RBC raises its long term expectations for battery electric vehicles(BEVs), seeing a robust growth by 2050, while cutting slightly medium term forecasts amid lagging demand

\*\* It notes the growing number of BEV offerings, a wider range of vehicle segments and price ranges, fast charging improvements

\*\* By 2050, RBC sees ~75% BEV global new vehicle penetration, forecasting this figure to be above 90% in Western Europe and China

\*\* It also factors in governmental policies to ban internal combustion vehicles

\*\* The companies that are best positioned to benefit from the long-term outlook are General Motors (GM.N) and Tesla (TSLA.O) , it says

\*\* But the broker cuts its global BEV estimates for 2025 by 3.7%, to reflect the new demand-constrained environment, seeing their penetration in Western Europe at ~28%, China at ~33%, and in the US at 17%

\*\* It says that the lowered forecast favours companies positioned for a transition to EVs later this decade such as Stellantis (STLAM.MI) or AXL (AXL.N)

\*\* The new outlook should negatively affect Ford (F.N) and Rivian (RIVN.O) , which currently run unprofitable EV operations

\*\* For 2023, RBC expects BEVs to represent around 12% of 2023 global demand

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.