Monthly sales in 2021 were highest in the last quarter of the year, peaking in December when European sales of electric cars surpassed diesel vehicles for the first time with a 21% market share. Purchase subsidies for EVs were also increased and expanded in most major European markets. The surge in EV sales in Europe last year was partially driven by new CO 2 emissions standards. Total car sales in 2021 were 25% lower than in 2019. While annual growth was slower than in 2020, when sales more than doubled, this took place against the backdrop of an overall European automotive market that had not recovered from the pandemic. In Europe, electric car sales increased by nearly 70% in 2021 to 2.3 million, about half of which were plug-in hybrids. Overall, the Chinese electric car market looks set for further growth in 2022, driven by the combined effects of consumer preferences for the new model offerings, residual national subsidies and continued preferential treatment for EVs at the local level (local subsidies, exclusion from city-level purchase limitations). The tiny Wuling Hongguang Mini EV is not eligible for subsidies but was still among the bestselling models in China last year, offering an affordable entry point to the market for new customers. Another important factor is the expanded range of small car offerings. But it also could reflect an overheated by customers rushing to secure subsidies at 2021 levels before they declined at the start of 2022. The growth in 2021 sales despite the scaled-back subsidies suggests China’s EV market may be starting to mature. The government extended electric car subsidies for a further two years after the pandemic broke out, albeit with a planned reduction of 10% in 2021, and 30% in 2022. Several factors underpin the market’s dynamism. The Chinese government’s official target is for electric cars to reach a market share of 20% for the full year in 2025, and their performance in 2021 suggests they are well on track to do so. Electric cars’ share of the overall market on a monthly basis leaped from 7.2% in January to around 20% in December. The annual increase is the fastest electric car market growth in China since 2015, significantly outpacing the more gradual recovery of the country’s overall car market. In other words, more electric cars were sold in 2021 in China alone than were sold in the entire world in 2020. The People’s Republic of China (hereafter ‘China’) led global growth in electric car markets in 2021 as sales nearly tripled to 3.4 million. Sales of electric cars hit 6.6 million in 2021, more than tripling their market share from two years earlier Electric cars helped avoid oil consumption and CO 2 emissions in 2021, although these benefits were cancelled out by the parallel increase in the sales of SUVs. We estimate there are now around 16 million electric cars on the road worldwide, consuming roughly 30 terawatt-hours (TWh) of electricity per year, the equivalent of all the electricity generated in Ireland. All the net growth in global car sales in 2021 came from electric cars. In 2021, electric car sales more than doubled to 6.6 million, representing close to 9% of the global car market and more than tripling their market share from two years earlier. In 2020, the overall car market contracted but electric car sales bucked the trend, rising to 3 million and representing 4.1% of total car sales. In 2019, 2.2 million electric cars 1 were sold, representing just 2.5% of global car sales. Growth has been particularly impressive over the last three years, even as the global pandemic shrank the market for conventional cars and as manufacturers started grappling with supply chain bottlenecks. Today, that many are sold in the space of a single week. In the whole of 2012, about 130 000 electric cars were sold worldwide. In the world of clean energy, few areas are as dynamic as the electric car market.
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