Table 1 EV cost change scenarios
From: China’s electric vehicle and climate ambitions jeopardized by surging critical material prices
Scenario name | Future EV cost assumptions |
|---|---|
Baseline scenario(BLS) | The uptake pace of EVs will fulfil the requirement of China’s 2060 carbon neutrality target and the rapid decrease in EV cost will be in line with the historical and forecasted development trend of EV cost in China as reported in the existing literature |
LIB-High-cost (LIB-High) | A rapid increase in critical material price |
LIB-Medium-cost (LIB-Medium) | A steady increase in critical material price |
LIB-Low-cost (LIB-Low) | A slight increase in critical material price which mainly affects EV costs during the middle and later periods of the study |
