China remains the world's largest electric car market in 2018
- China has remained by far the leading market for rechargeable electric cars (BEV + PHEV) in the first eight months of 2018, having sold 545,000 units during this period, while Europe has registered only 242,000 units, the United States 190,000 and Japan 41,000.
- Half of the plug-in hybrids (PHEV) and 100% electric cars (BEV) sold worldwide are now registered in China, and this proportion is expected to increase in the coming years, given the quotas imposed by the Chinese government as of 2019 to all automakers established in the country.
- In the long term, Inovev expects 11.2 million 100% electric cars in China in 2035, compared to 2.2 million in Europe, 1.2 million in the US and 0.4 million in Japan. Inovev also expects 4.65 million plug-in hybrid cars in China in 2035, compared to 3.8 million in Europe, 2.5 million in the US and 0.4 million in Japan.
- Finally, Inovev expects 0.5 million non-refillable hybrid cars in China in 2035, compared to 0.58 million in Europe and 1 million in the US, and 1.3 million in Japan.
- Note that in Europe, sales of rechargeable and 100% electric hybrid cars could increase from 272,000 units in 2017 to 3.5 million in 2025 and 6 million in 2035.
Contact us: info@inovev.com