EV News

Global Electric Vehicle sales up by 109 percent, Tesla leads: Report

In 2021, the whole global car market expanded just 4% as a result of Covid-19 limits and chip shortages, while EV sales accounted for 9% of all passenger car sales previous year.

According to a recent report released on February 14, approximately 6.5 million electric vehicles (EVs) – comprising completely electric and plug-in hybrid passenger cars – were sold globally in 2021, an increase of 109 percent over 2020.

With a 14 percent share of the global EV market, Tesla is the market leader. According to industry research firm Canalys, the whole global auto market gained just 4% in 2021 as it struggled with Covid-19 limits and chip shortages, while EV sales accounted for 9% of all passenger car sales last year.

Mainland China and Europe received over 85% of all electric vehicles sold worldwide. EVs accounted for only 4% of new car sales in the United States in 2021, or 535,000 units, despite rising demand.

“In 2021, Mainland China sold over 3.2 million electric vehicles, accounting for half of all electric vehicles sold worldwide and 2 million more than in 2020. Every month, a slew of new models enter the market, ranging from tiny, low-cost city cars to mainstream and premium sedans and SUVs “said Jason Low, Canalys’ lead analyst.

In 2021, the Tesla Model 3 was the best-selling electric car in Europe, but the Volkswagen Group was the dominant EV manufacturer, with numerous models from Audi, Skoda, and Volkswagen selling well.

“Electric vehicles continue to be in high demand throughout Europe. EVs accounted for more than a quarter of new car sales in numerous European countries. Customers, on the other hand, must be patient. It’s not uncommon to have to wait nine to twelve months for a new electric vehicle “Ashwin Amberkar, an analyst, expressed his opinion.

SAIC, which includes SGMW (the combination of SAIC, GM, and Wuling), was third with an 11 percent market share, according to the report. Volkswagen Group was second with a 12 percent market share.