Wednesday, February 1, 2023
News On a Global Scale: Twice as Many EVs Were Sold Last Year

On a Global Scale: Twice as Many EVs Were Sold Last Year

The global market share of EVs doubled in 2021 over 2020.

The popularity of electric vehicles has grown significantly in the past year. In fact, according to a study by JATO, a research firm specializing in data compilation, the market share of electric cars doubled in 2021, from 3.1 to 6.2 percent.

As many as 4.2 million electric vehicles were sold worldwide last year, despite the semiconductor crisis and the pandemic still in full swing around the globe.

The study also confirmed China’s leading position as the world’s largest automotive market. The Middle Kingdom now accounts for half of all EV sales worldwide. JATO also claims that Europe and North America have made significant gains in 2021.

On the old continent, the contribution of Volkswagen and the Stellantis Group have certainly not hurt the growth of the electric car in Europe. Closer to home, the North American continent has also seen the market share of electric vehicles rise somewhat, but it seems that SUVs and other pickup trucks are still popular. Let’s bet that the very high gas prices of the last few days will reverse this trend in 2022.

Unsurprisingly, the carmaker that is at the top of the sales charts is Tesla. The Californian manufacturer occupies no less than 21% of 2021 sales. The availability of the brand’s vehicles around the world means that Tesla is still growing.

The study also revealed that the global shortage of semiconductors has forced some manufacturers to prioritize the production of these electrified models, thereby reducing the assembly of vehicles that still run on gasoline or diesel.

We can expect a significant increase in the market share of EVs in 2022, thanks in part to the arrival on the market of a wide range of new products that are powered by electrons. The more choices there are in showrooms, the more consumers will be able to find the perfect electric vehicle.

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