Fig. 2: Projections of vehicle stocks through 2020 to 2060 under different scenarios.
From: China’s electric vehicle and climate ambitions jeopardized by surging critical material prices

a Total vehicle stocks, b EV stocks by subsector, c ICEV stocks by subsector. The scenarios of BLS, High, Medium, and Low are the same as in Fig. 1; EV, electric vehicle (electric vehicle refers to battery electric vehicle in this paper); ICEV, internal combustion engine vehicle; All EVs in this figure are equipped with NCM622 LIBs.