Europe buys three times more PHEVs than China
- The two graphs below represent the monthly sales volume of plug-in hybrid vehicles (PHEVs) in Europe and China from January 2018 to June 2021. The left graph represents the sales volume and the right graph represents the market share of PHEVs in the country's overall market.
- The sales volume of PHEVs in China was higher than the sales volume of PHEVs in Europe until the fall of 2019. Then the sales of PHEVs took off in Europe and these sales became progressively much higher than those recorded in China. The penalty system on thermal engines that emit high level of CO2 has contributed to the success of PHEVs in Europe.
- In 2018, the average sales of PHEVs in China was 22,000 units per month, compared to 15,000 in Europe. In 2019, it had fallen to 19,000 units per month in China, compared to 17,000 in Europe. In 2020, it was 20,000 units per month in China, against 52,000 in Europe which largely supplants China from then on. Finally, in 2021, it is 33,000 in China, compared to 90,000 in Europe, which now buys three times more PHEVs than China.
- If we look at the market share of PHEVs, it went from 1.1% in 2018 in China to 1% in 2019, 1.2% in 2020 and 2% in 2021. In Europe, the market share of PHEVs increased from 1% in 2018 to 1.3% in 2019, 5.2% in 2020 and 8.5% in 2021. By way of comparison, the market share of PHEVs in the USA is 0.7% in 2021 against 0.5% in 2020, 0.4% in 2019 and 0.7% in 2018. This market is not taking off in the USA, which does not have a diesel market for its passenger cars, unlike Europe which is progressively replacing this engines type with PHEVs.
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