Huge Disparities in Electric Car Ownership as Europe and China Dominates the Global EV Market

BMW i3

BMW i3

Europe and China dominate the planet marketplace for electric cars, but there are still only a few electrified vehicles on the roads in large markets like Russia, South America and Africa, consistent with a study conducted by the Munich Mobility Show. Europe sold more new electrified vehicles than China for the primary time in 2020 and between them the 2 markets are home to quite 70% of the 9.9 million electrified cars sold thus far , the study shows.

Sales of electrical and plug-in hybrid cars within the European Union almost trebled to over 1 million vehicles last year, accounting for quite 10% of overall sales.

Xiaomi EV
This a concept of Xiaomi EV charging

The Munich Mobility Show – the revamped and expanded successor to the Frankfurt auto show, which is slated to be held in September this year – examined vehicle registration data from variety of sources and located that through 2020, China had 4.2 electric vehicles on the road, Europe had 3.2 million and therefore the US had 1.7 million. New electric vehicle sales rose altogether in major markets in 2020 despite the coronavirus pandemic, apart from the U.S. market where sales fell 6%.

While 80% of the electrified vehicles sold thus far in China and 79% of these sold within the US were battery electric models, only 54% of these sold in Europe – including the EU Union, European trade Association countries and therefore the uk – were battery electric, because the continent remains fairly reliant on sales of plug-in hybrids.

Wuling Hongguang Mini EV
Wuling Hongguang Mini EV

Plug-in hybrids face an uncertain future within the EU as policymakers are considering regulations that would make them uneconomical for carmakers to supply . The Munich Mobility Show’s study also showed vast disparities in electric vehicle ownership.

Norway, with a population of 5 million and powerful support for electric cars is an unparalleled success, with a cumulative total of 433,609 electric cars sold thus far and new sales of quite 105,000 units in 2020. But Russia, with a population of around 145 million, only sold 1,760 electrified cars through 2020.

Mercedes EV
Mercedes EV

Cumulative electric registrations through 2020 in South America, a continent with a population of quite 420 million, were below 18,000.

And the only registrations in Africa, a continent that’s home to 1.2 billion people, were exclusively in South Africa and totaled just 1,509 cars through 2020.

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