Global light vehicle markets have partly recovered from the -28 % slump in 2020 H1 and increased by +28 % combined (which is still 8 % lower compared to 2019 H1). By the end of 2021 we expect over 16 million EVs in operation, counting light vehicles, 2/3 BEVs and 1/3 PHEV. Growth rates will come down from the +168 % seen in H1, as volumes compare to a higher base during the 2020 H2 recovery. Including these, we expect sales of 6,4 million EVs in 2021, a growth of 98 % over 2020, with BEVs reaching 4 million units and PHEVs 2,4 million units. The new breed is exempted from some M1 vehicle requirements, often receives no subsidies but is, nevertheless, counted in the Chinese NEV tally. They offer a long due improvement over countless, dodgy Low-Speed Vehicles from the earlier days, which are now banned by regulators. Around 300 000 units of them were sold during H1, a quarter of all NEV sales in China. Read Wuling Hongguang Mini EV, Great Wall Ora R1, Chery eQ, SAIC Roewe Clever, Baojun and others. Most striking, though, is the re-bound of mini-EVs in China, now at ultra-affordable prices of 30-60 000 RMB.
In the product segment mix, the trend is from sedans and compacts into SUVs.
Growth was robust in all product segments except for sportscars. GM comes in 3rd with 227 000 units (221k were BEV), including over 180k of Mini-EVs from their SGMW joint venture in China. Tesla leads global EV sales with 386 000 units (all BEV) delivered during H1, followed by the Volkswagen Group with 332 000 units, thereof 172 700 BEVs and 159 400 PHEVs. To their benefit it can be said that countries with high PHEV market shares usually have high BEV market shares as well. The tailpipe emissions of PHEVs are completely depending on the charging and driving habits of their users, whatever the catalog value says. A caveat is that half of Europe's EV sales are PHEVs, compared to 80 % pure electric outside Europe. Europe (EU+EFTA+UK) leads with 14 % EV share for the first 6 months combined, up from 7 % a year ago. The share of BEV+PHEV in global light vehicle sales increased from 3 % in 2020 H1 to 6,3 % this year. in Europe, driven by attractive products, extensive green recovery funds and the 95g CO2 mandate.įor 2021, all regions and most countries witness strong increases in EV sales, with growth rates 3 to 8 times higher than for total light vehicle markets. The market recovery shaped up in 2020 H2 with rapid gains in volumes and shares for EV, esp. During the 1st wave of the pandemic, global sales of EVs stayed -14 % below 2019 H1 volumes as vehicle markets declined by -28 % during 2020 H1.
The recent increases speak hyper-growth but need to be seen relative to the low base of 2020 H1. A total of 2,65 million new EVs found new owners during the first half of 2021, an increase of +168 % compared to 2020.
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