Evolution of BEV sales in Europe, China and the USA
- The BEV market has grown significantly in the three major markets directly impacted by the development of these vehicles: Europe, China and the United States.
- In Europe, the average market share which was 0.6% of total passenger car registrations in 2017, went from 1.2% in 2018 to 2.3% in 2019, 6.2% in 2020, 10.4 % in 2021 and 14% in 2022. Volumes increased from 100,671 units in 2017 to 191,295 in 2018, 364,014 in 2019, 745,760 in 2020, 1,218,360 in 2021 and 1,575,079 in 2022.
- In China, the average market share which was 1.9% of total passenger car registrations in 2017 rose to 3.5% in 2018 then 3.8% in 2019, 4.7% in 2020, 12.8 % in 2021 and 21.3% in 2022. Volumes increased from 470,573 units in 2017 to 749,244 in 2018, 820,958 in 2019, 955,985 in 2020, 2,751,755 in 2021 and 5,029,207 in 2022.
- In the United States, the average market share which was 0.6% of total passenger car registrations in 2017 (as in Europe) rose to 1.4% in 2018 then 1.6% in 2019, 1.8 % in 2020, 3.2% in 2021 and 5.8% in 2022 (2.5 times less than in Europe). Volumes increased from 104,487 units in 2017 to 227,120 in 2018, 237,941 in 2019, 260,361 in 2020, 478,763 in 2021 and 811,083 in 2022.
- We note that in Europe, the months of January show a sharp drop each year, and that in China a sharp drop occurred in January 2023 for the first time. This decrease is attributable to annual holidays in China as well as possibly a reduction of subsidies.