An interesting infographic on sales of electric vehicles for 10 years was presented by the Visual Capitalist resource, based on data from the International Energy Agency (IEA). It is simply surprising that in 2011, about 55 thousand electric vehicles were sold worldwide, and 10 years later, in 2021, this figure has grown to almost 7 million. Many believe that the United States is the leader among countries, but it is not. Most electric vehicles sold in China, with this country leading by a huge margin.
Since many countries have started the process of transition to electric transport, the global market for electric vehicles has grown exponentially over the past decade. From 2011 to 2015, global electric vehicle sales grew by an average of 89% per year. Approximately one-third of sales during this period accounted for only the US market. The rest goes to China, the Netherlands, Norway and France. However, that all changed in 2015, when EV sales in China surged 238% from 2014. All thanks to generous government subsidies, as well as policies that stimulate the production of electric vehicles. For example, the average price of an electric car in China is only 10% higher than a conventional one. For comparison, in other countries the difference is on average 45-50%.
In 2016, Chinese consumers bought more electric vehicles than the rest of the world combined, and China now accounts for more than half of global sales. In 2020, global sales of electric vehicles grew by 38%, and a year later they reached a two-fold increase. China was the driving force. Today, almost 300 models of electric vehicles can be bought in China, which is more than in any other country in the world. It is also home to 4 of the top 10 battery manufacturers in the world.
Germany, Europe’s largest car market, sold nearly 700,000 electric vehicles in 2021, up 72% from a year earlier. The country is home to some of the largest electric vehicle factories in Europe. In third place is the United States, which, after a two-year decline, showed good growth. Positive shifts are associated with an increase in the number of available models of electric vehicles, as well as an increase in Tesla’s production volumes. As for the latter, it confidently dominates the American market – 75% in the first quarter of this year, and Model Y remains the best-selling model.
Source: Trash Box
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