PHEV sales in Europe and China from 2018 to 2021
- Sales of plug-in hybrid vehicles (PHEV) are growing strongly in China and Europe, but in smaller quantities than for 100% electric vehicles.
- The market share of this type of vehicle in Europe, which was 8% in 2021, reached 10% or even 11% in the last months of the year. In China, the market share of plug-in hybrid vehicles which did not exceed 3% of the market last year, i.e. a market share four times lower than that of electric vehicles. However, we observe that this market share is gradually approaching 4%, which is still half the amount observed in Europe.
- Given that the Chinese market is twice as large as the European market, the sales volumes of PHEVs are quite close in China to those observed in Europe, especially in recent months. The last four months show volumes between 80,000 and 100,000 units per month in Europe, compared to 60,000 to 80,000 units per month in China. With a forecast of one million PHEV sales in China in 2022, according to the Chinese government, the increase in PHEV sales in this country would reach 67% in 2022. This forecasts that the end of the subsidies, announced for the end of 2022, should indeed generate significant and urgent demand this year, but what will happen next year when this windfall effect has disappeared...
- As far as Europe is concerned, we could reach a sales volume of 1.5 million units this year, representing an increase of 43% compared to 2021, as these vehicles replace diesel vehicles that are less and less in demand.
Contact us: info@inovev.com