In new analysis on the worldwide electric car market, Canalys estimates that 6.5 million electric autos (EVs) have been sold worldwide in 2021, up 109% on 2020. EVs include fully electric and plug-in hybrid passenger cars. The total international car market grew simply 4% in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages. EV gross sales represented 9% of all passenger automobile gross sales in 2021.
Demand for EVs stayed sturdy in 2021, but many extra would have been sold had it not been for the continual component shortages still affecting every automotive maker around the world.
• 85% of EVs offered globally were delivered to prospects in Mainland China and Europe • three.2 million EVs had been offered in 2021 in Mainland China, accounting for 15% of all new cars offered • 2.three million EVs had been bought in Europe, accounting for 19% of recent automobiles
In comparability, while demand is rising, simply 4% of new cars offered within the US in 2021 were EVs, some 535,000 models.
Half of all EVs sold globally have been to customers in Mainland China “Over three.2 million EVs have been bought in Mainland China in 2021 – half of all electric cars offered worldwide, and 2 million more than have been bought within the country in 2020.
Jason Low, the Principal Analyst at Canalys, says that many new models are launching each month in every necessary market segment, from tiny, inexpensive metropolis cars to mainstream and premium sedans and SUVs.
“15% of latest cars bought in 2021 in Mainland China had been EVs – more than double the share in 2020, and there’s nonetheless a huge alternative for future development in 2022 and beyond.”
The Wuling Hongguang Mini EV was nonetheless easily the best-selling EV model in Mainland China in 2021. Its success has inspired other automotive makers to launch similar vehicles. EVs from Tesla held the next two places, with the Model Y overtaking the Model three.
But competition is rising. BYD has expanded its range of EVs and was the main EV model in China with several well-liked absolutely electrical and plug-in hybrid models. Other manufacturers with sturdy EV gross sales in 2021 in Mainland China included Aion, Changan, Chery, Li Xiang, Ora, Roewe and Xpeng.
Europe nonetheless has the best degree of EV adoption. Traditional car makers are more and more electrifying their product ranges in Europe. EVs represented 19% of complete automobile gross sales in 2021 with 2.3 million vehicles delivered. The Tesla Model 3 was the best-selling electrical automotive in Europe in 2021, however Volkswagen Group was the leading producer of electrical vehicles, with a number of models from Audi, Skoda and VW promoting properly. “Demand for EVs continues to be sturdy in Europe. In reality, in many European international locations EVs represented more than 1 / 4 of latest vehicles offered. however clients have to be patient. A 9 to 12 month wait time for a new EV is not unusual,” said Ashwin Amberkar, Analyst at Canalys.
The first EV pick-ups will raise the US market Sales of EVs within the US continue to lag these in Mainland China and Europe. Just 4% of latest automobiles sold in the US in 2021 had been EVs. Several new EVs were launched in 2021 and sales momentum and shopper interest are rising, however Tesla continues to dominate EV gross sales in the US with an estimated share of just under 60%.
“The competition’s EV gross sales are nowhere near Tesla’s within the US since Model three shipments ramped up in 2018. Tesla even outsells many premium car brands in the total market,” said Chris Jones, VP and Chief Analyst at Canalys. “Pick-up vehicles will give the US EV market an enormous raise in 2022. Rivian was first to deliver on the finish of 2021, whereas Ford and GM have had sturdy interest in the F-150 Lightning and GMC Hummer Pickup respectively.”
The high electrical automobile producers in 2021 Tesla led the worldwide electric vehicle market with a 14% share. Sales of the Model Y started in the main markets in 2021 and quickly overtook those of the Model three in Mainland China and the US. Tesla car production is properly established in Mainland China and will commence in Europe within the first half 2022 as it focuses on delivering existing models somewhat than launching new ones in 2022.
Volkswagen Group was second with a 12% market share. It doubled its EV sales in 2021 compared with 2020 and led the market in Europe. Nearly 60% of the Group’s EV sales have been from the VW brand, with good help from Audi, Cupra, Porsche, SEAT and Skoda, thus giving it a presence in a variety of EV segments.
driedfruit , which incorporates SGMW, the combination of SAIC, GM and Wuling, got here third with an 11% share. The huge success inside the group continues to be the Wuling Hongguang Mini EV in Mainland China, the place it’s the runaway leader. EVs from Baojun, Maxus, MG and Roewe, all SAIC-owned manufacturers, contributed to its success.
BYD got here fourth with a share of 9% and a particularly robust second half of the 12 months. Its EV gross sales elevated by over 200% in 2021 with more than a dozen fashions available in Mainland China, some with EV and PHEV versions. It has also expanded past Mainland China. It launched the first mannequin primarily based on its new e-platform three.0 towards the end of 2021, with extra new models on the platform to come in 2022.
Stellantis was fifth with a 6% market share. Electrified variations of popular compact vehicles in Europe had been the key to its success with Peugeot, Opel/Vauxhall and Fiat automobiles all selling nicely. Stellantis will produce 4 new EV platforms to use across automobiles from the 14 manufacturers within the group.
BMW Group held a 5% share in 2021, growing its electrified car gross sales by 70%, but lost floor to its faster-growing rivals. Its best-selling EV in 2021 was the China-built BMW iX3, with China its greatest end-user market. The Mini Cooper SE was the second best-selling EV, forward of the growing older BMW i3.
Hyundai Motor Group held a 5% share of the EV market in 2021. Hyundai and Kia carried out well with their “twin” models. The Hyundai Ioniq 5 and Kia EV6 launched in mid-2021, while the Hyundai Kona and Kia Niro sold properly in 2021. The Group has navigated the chip shortages higher than most competitors so far.
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