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Tuesday, May 7, 2024

Global Electric Vehicle sales up 109% last year

In new research on the global electric vehicle market, Canalys estimates that 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% on 2020. EVs include fully electric and plug-in hybrid passenger cars. The total global car market grew just 4% in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages. EV sales represented 9% of all passenger car sales in 2021.

Demand for EVs stayed strong in 2021, but many more would have been sold had it not been for the chronic component shortages still affecting every car maker around the world.

• 85% of EVs sold globally were delivered to customers in Mainland China and Europe
• 3.2 million EVs were sold in 2021 in Mainland China, accounting for 15% of all new cars sold
• 2.3 million EVs were sold in Europe, accounting for 19% of new cars

In comparison, while demand is growing, just 4% of new cars…

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