Review of the Global Electric Vehicle Market in 2021

Published by Baadl on

global electric vehicle market

The world car industry has seen one of its biggest transformations in the last decade. One of the dimensions of this transformation is the rapid development of electric vehicles.

The world car industry has seen one of its biggest transformations in the last decade. One of the aspects of this transformation is the rapid development of electric vehicles.

Many countries of the world are planning to mass produce all-electric cars with the aim of combating air pollution and reducing the amount of emissions and greenhouse gases and protecting the environment become widespread.

electric vehicle

In 2019, the number of light electric vehicles globally was only 9% more than in 2018. This was a clear decline from the growth rate of the previous 6 years, which had even experienced growth of 46 to 69 percent.

This change was due to a decrease in sales in the second half of 2019 in the two largest markets of China and the United States, mainly due to the negative effects of the Covid-19 pandemic.

But even with the stagnation of these two big markets, the global sales of electric cars continued to increase in 2020 to such an extent that its growth in Europe reached an unprecedented 44%.

Review of global electric vehicle market

Electric vehicle sales were surprisingly positive in 2020 despite the virus pandemic and its aftermath.

Global sales of electric vehicles increased by 41% compared to 2019, and the share of global sales of electric vehicles reached a record 4.6% in 2020.

The growth forecast for 2021 is also estimated to be a jump. [i] In the first half of this year, 2.6 million electric cars in the world It was sold, which has increased by 160% compared to the same period of 2020.

This growth rate is much higher than the forecast of 26% of sales in the world, which shows that with the reduction of restrictions Hi Quarantine In many markets, demand is returning.

Review of global electric vehicle market
Review of global electric vehicle market

References:

  1. https://www.virta.global/global-electric-vehicle-market
  2. https://www.canalys.com/newsroom/global-electric-vehicle-sales-up-160-in-h1-2021-despite-supply-constraints
  3. http://aspaev.ir/1400/06/08
  4. https://www.canalys.com/newsroom/global-electric-vehicle-sales-up-160-in-h1-2021-despite-supply-constraints
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