Chinese EV market is expected to have a 25% sales share

The appetite for EVs is soaring, according to global surveys. The Chinese EV market is growing particularly rapidly. With 3.3 million EVs sold in 2021.
The world’s most populous country already is the biggest EV market in the world, but in 2022 we expected it to overtake Europe in terms of the share of the overall car sales.

This is also reflected in production figures of regional market leader BYD exceeding Tesla’s in the first half of 2022 (654,000 vs. 564,000, respectively).

China is expected to hit a key milestone in 2022 with one in four new cars being electric, whereas Europe is expected to remain slightly below that figure.

Get ‘FREE OF CHARGE’ access to this and 350+ other valuable EV Market Reports in our database. Enjoy reading!

BEV & PHEV sales share | BNEF/ING
Related news

Navigating battery cell formats in Electric Vehicles

In the rapidly advancing arena of electric vehicles (EVs), the choice of battery cell configuration plays…

read more
Batteries
Global
Published by: Editorial board | April 19, 2024

Why major EV stocks fell despite a rising market in early 2024

In the first quarter of 2024, while the broader S&P 500 index saw a rise exceeding…

read more
Electric Vehicles
Global
Published by: Editorial board | April 18, 2024

The surge of Europe's public EV chargers ahead of 2030 goals

As Europe accelerates its shift towards electric vehicles (EVs), the deployment of public charging stations has…

read more
EV Charging
Europe
Published by: Editorial board | April 17, 2024

The road to European automakers' 2025 CO2 targets

The automotive industry in Europe is on a transformative journey, underpinned by stringent regulatory frameworks aimed…

read more
Electric Vehicles
Europe
Published by: Editorial board | April 16, 2024