BEV sales in Europe and China from 2018 to 2021
- Sales of 100% electric vehicles (BEV) are growing strongly in China and Europe, at practically the same pace, since the curves of the market shares of these vehicles in these two countries are very similar (see graph below on the right). Over the past four months, BEVs account for around 15% of the Chinese car market and 15% of the European car market. In 2021, BEVs represented 13% of the Chinese market and 10% of the European market.
- Since the Chinese market is twice as large as the European market, BEV sales volumes are twice as large in China as in Europe. The last four months show volumes of between 300,000 and 400,000 units per month in China, compared to 150,000 to 200,000 units per month in Europe, which accredits the Chinese government's scenario of 5 million BEV+PHEVs sold in China for the whole of 2022, i.e. 4 million BEV and 1 million PHEV. The increase in BEV sales in China would therefore reach 45% in 2022 according to the Chinese government.
- To explain this scenario, the Chinese government predicts that the end of subsidies, announced for the end of 2022, should generate a large and urgent demand this year, but what will happen next year when this windfall will have disappeared…
- As far as Europe is concerned, the continuation of subsidies should allow BEV's sales to continue to grow in 2022. We could reach or even exceed a sales volume of 1.5 million units in Europe this year, representing an increase by 23% compared to 2021. But this increase in BEV sales could take place in a stagnant European market.
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