Monthly sales of plug-in electric vehicles in China
- Sales of battery electric vehicles (BEVs) in China continued to grow in the first five months of 2021 compared to 2019 and 2020. The current pace of sales stands at 160,000 units per month, when it did not reached 80,000 units in May 2019 and May 2020. Over the five months of 2021, BEV sales in China total 729,000 units.
- Annual sales volume stood at 833,423 units in 2019 and 995,397 units in 2020, representing 3.9% of the Chinese market (all engines combined) in 2019 and 4.9% in 2020. In 2021, Inovev forecasts expect sales to a level between 1.5 million units and 1.8 million units, representing a market share of around 9%.
- Sales of plug-in hybrid cars (PHEVs) in China continue to grow in 2021, but slower than those of battery electric vehicles, as growth does not exceed 140% for PHEV sales in the first five months of 2021 compared to in the first five months of 2020, when it reached 314% for BEV sales, compared to an exceptionally low basis (due to Covid-19) for both BEVs and PHEVs.
- The current pace of PHEV sales is nearly 40,000 units per month, while it did not exceed 25,000 units in May 2019 and 20,000 in May 2020. Over the five months of 2021, PHEV sales in China total 154,000 units. The annual sales volume stood at 224,215 units in 2019 and 244,393 units in 2020, representing 1% of the Chinese market in 2019 and 1.2% in 2020.
- In 2021, Inovev forecasts expect an annual volume of 300,000 units, representing a market share of around 1.5%.
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