In its latest report on the global electric vehicle market, analyst firm Canalys claims that 2.6 million electric vehicles were sold globally in the first half of 2021. This is 160% more than in the first half of 2020. To clarify, Canalys includes battery-electric vehicles and plug-in hybrid electric vehicles as electric vehicles. The growth in electric vehicle sales has far outstripped the 26% growth in the automotive market.
Strong demand for electric vehicles will continue in the second half of the year, especially in the two leading markets – China and Europe. In the first half of the year, 1.1 million electric vehicles were sold in China, which is 12% of all passenger cars sold there. In Europe, electric vehicles were sold 1 million units, which is 15% of new cars. Together, these markets account for 87% of all electric vehicle sales worldwide. By comparison, in the first half of 2021, 250,000 electric vehicles were sold in the United States, accounting for only 3% of new cars sold.
Tesla remains the market leader with a 15% share. But in the long run, she risks losing leadership. The Volkswagen Group is already on its heels with 13%. The third place with 11% is taken by SGMW (a combination of SAIC, GM and Wuling). The BMW Group came in fourth and Stellantis in fifth.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
