Global EV sales continue to surge

Global EV sales continue to surge

Sales of EVs globally hit the 6.6 million mark in 2021, representing roughly 9% of global car sales in that year, according to data projections from BanklessTimes. Additionally, it’s double the 3 million EVs sold in 2020 and triple the 2.2 million units sold in 2019.

BanklessTimes’ compilation shows that China is the largest EV market globally. In 2021, it retailed 3.4 million units. That was more than the combined total from the rest of the world in 2020.

Two reasons explain China’s thriving EV market. First, Beijing extended subsidies to the sector up to this year. The chances are that many Chinese EV customers rushed to acquire their vehicles using 2021’s subsidy levels.

Secondly, there’s a wide variety of EVs for the Chinese market. Like the Wuling Hongguang Mini, some provide an affordable entry-level vehicle for first-time owners. All in all, China’s e-car industry will boom in 2022.

Global-Sales-Market-Share-EVs-1400
Global sales and sales market share of electric cars, 2010-2021

Europe also posted impressive returns. Its 2021 electric vehicle sales amounted to 2.3 million cars. However, the annual increase lagged compared to the 2020s.  

In 2020, the European EV market doubled its 2019 sales. Its strict emissions limits partly account for this surge. Again, the region enhanced incentives for purchasing EVs, thus peaking their sales and outpacing diesel-powered vehicles for the first time.

Tesla remains the undisputed market leader controlling over 50% of all EVs sold here. That, however, is a decline from the 65% market share it held in 2020. Increased competition partly contributed to the decline.

You May Also Like

Stellantis partners with Charge Enterprises

The partnership will cover all aspects of EV charging infrastructure development, the companies say.

Chrysler-Stellantis-Airflow

Stellantis announced its partnership with Charge Enterprises, in which Charge has become an EV charging installation partner for Stellantis' 2,600+ U.S. dealer network. Charge becomes the fourth recommended partner for dealer EV readiness for Stellantis dealers across the United States, joining Future Energy, Vehya and AGI.

In another key step to ready its 2,600-plus dealerships for the automotive industry's electrification plans, Stellantis is partnering with Charge Enterprises to support the implementation of its required timeline.

EV Connect expands infrastructure partner ecosystem

The $5 billion program aims to facilitate the deployment of DC fast-charging infrastructure.

Ev-Connect-NEVIDashboard
GenH2 joins the California Hydrogen Business Council

The California Hydrogen Business Council roster includes companies like Chart Industries, BMW, Linde and Trillium.

DOE-Nuclear-Hydrogen 1400
Eaton changes name of its vehicle group & eMobility businesses

Eaton said its newly formed Mobility Group will help meet the evolving needs of both its ICE and EV customers.

eaton-emobility
New CATL LFP battery can add 248 miles of range in 10 minutes

CATL unveils Shenxing LFP battery with 4C superfast charge, 700 km range, innovative cathode, and electrolyte technologies.

CATL Fast charge

Other Posts

ETH Zurich students break EV acceleration record

The mythen electric race car from Academic Motorsports Club Zurich accelerated 0-62 mph in a record 0.956 seconds.

ETH-AMZ-ev-world-record
BP Pulse, EVN and NEC launch EV charging hub in UK

The Gigahub EV charging hub can charge 180 vehicles simultaneously and features 16 ultra-fast 300KW chargers.

nec-ev-hub-bp
NACFE’s electric trucking data reveals range, efficiency gains

Early data from electric trucks in the Run on Less-Electric DEPOT shows improved range and a decrease in charging needs.

Run-on-less-electric-depot
How seriously should shops take the EV wave?

Is it the right time for shops to invest in EV services? It isn’t easy to know for sure.

EV-Wave-Shops-1400