The Chinese EV market accounted for 47 000 units in 2014
 

The Chinese passenger car market (PC) of electric vehicles (100% electric and plug-in) accounted for 47 418 units in 2014, 3.5 times more than in 2013. In Europe, the electric vehicle market represents 93 000 units 2014 (+ 56% compared to 2013). Finally, in the US 119 000 electric vehicles were sold last year (+ 23%).


The Chinese market is still two times lower than the European market and 2.5 times lower than the US market. The Chinese government, however, is optimistic for 2015, as it announced a market of between 150 000 and 200 000 units. It is not clear at this time what the share of passenger cars and what the share of electric cars without license will be (this segment developing rapidly in China).


In the US, sales of electric vehicles are mainly concentrated on three vehicles: the Nissan Leaf, Chevrolet Volt and Tesla Model S. These three vehicles represent more than 85% of the EV market in 2014. In China, sales of EVs are also concentrated around few models: 4 vehicles (Qin BYD, Chery QQ3 EV Zotye E20 and E150 BAIC EV) represent 74% of the EV market. Finally in Europe, sales are spread over more models. Thus, the three best selling EVs in Europe (Nissan Leaf, Mitsubishi Outlander PHEV and Renault Zoe) "represent only" 50% of the EV market.


Finally it should be noted that in Europe and the USA, the best-selling model is the Nissan Leaf, a 100% electric vehicle, while in China it is a plug-in hybrid vehicle, the BYD Qin.


15-10-4  

 

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