Global sales of electrified cars in 2018
- While the Chinese government has introduced quotas for manufacturers based in China so that their sales of electrified cars are around 10% of their total sales on this market in 2019 ,and will be even more in the following years, the European Union has preferred to act differently but with a comparable target: it imposes a 40% reduction in CO2 emissions for new vehicles sold in Europe by 2030.
- There are several ways for manufacturers to reduce their CO2 emissions. Electrification is one of the routes that shows rapid results. Today, the share of 100% electric vehicles is about 1% of the market in Europe compared to 4% in China. If we include plug-in hybrid cars, this share rises to 2% in Europe compared to 5% in China. If we also include non-rechargeable hybrid cars, this share rises to 5.5% in Europe compared to 5.5% in China.
- There are therefore - in terms of market share - as many electrified cars in Europe as in China, but there are many more 100% electric cars sold in China than in Europe and many more non-rechargeable hybrid cars sold in Europe than in China.
- We can now expect strong growth in sales of electrified cars in both China and Europe. The next Frankfurt Motor Show will give a clear idea of the electric car of the 2020s.
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