China China's dominance of global EV market, with 53% of global sales in 2021

[xizhimen]

China's dominance of global EV market, with 53% of global sales in 2021​

• FEBRUARY 8, 2022

EV sales figures published by the China Passenger Car Association have confirmed China’s return to dominance in the global electric vehicle market, accounting for more than half of total new EV sales.

According to local reports this week, global sales of “new energy” passenger vehicles – including plug-in hybrids (PHEVs),
battery electric vehicles (BEVs), and hydrogen fuel-cell vehicles (HEVs) – reached 6.23 million units in 2021, more than double the total from 2020.

These figures are similar to those published by the International Energy Agency (IEA) in late-January, which put the figure at a slightly higher 6.6 million.

According to CPCA, China sold a total of 3.31 million new energy passenger vehicles in 2021, accounting for a 53% share of the global market, taking back the position it lost to Europe which finished 2021 with only 33%, while the United States accounted for 11% of new energy vehicle sales.

Again, CPCA’s figures align closely with those of the IEA, which reported China as finishing 2021 with 3.4 million electric vehicle registrations, which would account for a 51.5% share of the global market.

According to Chinese electric vehicle media outlet CnEVPost, which reported on the CPCA’s new report, China returned to global leader after a slump in 2020 which saw the country’s share of new energy vehicle sales fall to 41%, allowing Europe to jump a spot with 44%.

2020, though, was not a normal year – least of all for China, as it suffered from the outbreak of the global COVID-19 pandemic and a revamped policy environment. At the same time, Europe’s own policy environment allowed it to make up for China’s slump.

China regains dominance of global EV market, with 53% of global sales in 2021

China returned to dominance in the global electric vehicle market, accounting for more than half of total new EV sales in 2021.

thedriven.io

 

[xizhimen]

China will definately lead in EV in every sector thus lead the world future car manufacturing and sales.

 

[xizhimen]

China's new-energy vehicles reach a turning point​

February 8, 2022 22:50 JST

China's new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7% of the country's car market.

China's new-energy vehicles reach a turning point

EV 'ecosystem' developing, but carmakers face fall in value of credits

asia.nikkei.com

 

[Viva_vietnamm]

China regains dominance of global EV market, with 53% of global sales in 2021​

• FEBRUARY 8, 2022

EV sales figures published by the China Passenger Car Association have confirmed China’s return to dominance in the global electric vehicle market, accounting for more than half of total new EV sales.

According to local reports this week, global sales of “new energy” passenger vehicles – including plug-in hybrids (PHEVs),
battery electric vehicles (BEVs), and hydrogen fuel-cell vehicles (HEVs) – reached 6.23 million units in 2021, more than double the total from 2020.

These figures are similar to those published by the International Energy Agency (IEA) in late-January, which put the figure at a slightly higher 6.6 million.

According to CPCA, China sold a total of 3.31 million new energy passenger vehicles in 2021, accounting for a 53% share of the global market, taking back the position it lost to Europe which finished 2021 with only 33%, while the United States accounted for 11% of new energy vehicle sales.

Again, CPCA’s figures align closely with those of the IEA, which reported China as finishing 2021 with 3.4 million electric vehicle registrations, which would account for a 51.5% share of the global market.

According to Chinese electric vehicle media outlet CnEVPost, which reported on the CPCA’s new report, China returned to global leader after a slump in 2020 which saw the country’s share of new energy vehicle sales fall to 41%, allowing Europe to jump a spot with 44%.

2020, though, was not a normal year – least of all for China, as it suffered from the outbreak of the global COVID-19 pandemic and a revamped policy environment. At the same time, Europe’s own policy environment allowed it to make up for China’s slump.

China regains dominance of global EV market, with 53% of global sales in 2021

China returned to dominance in the global electric vehicle market, accounting for more than half of total new EV sales in 2021.

thedriven.io

Nice, we should not let German, JP keep dominating car's markets.

 

[xizhimen]

 

[xizhimen]

Half of all EVs sold globally in 2021 were to China​

By Dashveenjit Kaur | 14 February, 2022

• Approximately 6.5 million EVs were sold worldwide in 2021, a 109% spike from 2020.
• China sold over 3.2 million EVs last year, accounting for a 53% share of the global market.
• Europe still holds the crown for the highest level of EV adoption in the world. Overall, EVs represented 19% of total car sales in the region for 2021.

In the wake of surging electric vehicle (EV) sales around the world, it might seem that China is winning the EV race – as the country once again dominated with most EVs sold in 2021. Overall, more than 3.2 million EVs, including fully electric and plug-in hybrid passenger, were sold in Mainland China last year – half of all electric cars sold worldwide

In total, according to technology research company Canalys, approximately 6.5 million EVs were sold worldwide in 2021, a jump of 109% from 2020. China on the other hand sold two million more EVs than it did the year before. The spike in sales is despite the total global car market growing only a mere 4% amid a global chip shortage that has impacted automakers worldwide.

EV sales in particular represented 9% of all passenger car sales in 2021. Canalys reckon while demand for EVs stayed strong in 2021, many more would have been sold had it not been for the chronic component shortages still affecting every car maker around the world.

China bought half of all EVs sold globally​

Canalys’ Principal analyst Jason Low noted that EVs made up 15% of new cars sold in China in 2021, which is more than double the percentage in 2020. He noted there could be a “huge opportunity for future growth in 2022 and beyond” as new models are launched monthly in each market segment, from city cars to sports utility vehicles.

Tech Wire Asia

Tech Wire Asia is an independent tech news website that covers enterprise and technology in Asia

techwireasia.com

 

[xizhimen]