Saturday, December 5, 2015

Report: 700,000 Plug-In Electric Cars To Be Sold Worldwide In 2016 – China To Dominate EV Sales

Expected EV sales volume in 2016, 2019, 2022, 2025. 2015-YTD actual. Source: LMC Automotive via JATO Dynamics

Expected EV sales volume in 2016, 2019, 2022, 2025. 2015-YTD actual. Source: LMC Automotive via JATO Dynamics

Most popular EV models in 2015 by end of August (source: JATO Dynamics)

Most popular EV models in 2015 by end of August (source: JATO Dynamics)

JATO Dynamics forecasts that plug-in electric car sales will exceed 700,000 worldwide in 2016. Ten years from now, sales are to be more than 5.5 million.

In 2014, around 280,000 (up 43%) EVs were sold.

"Electric passenger car sales totalled 280,000 units in 2014, representing growth of 43% compared with 2013. While this represents stellar growth compared to the overall market, in terms of volume, 84,000 additional units in a global market that sold more than 72 million passenger cars looks like a drop in the ocean. It also explains why electric cars are still a rare sight on our roads."

One of the main insights from JATO is that China will lead the way, while Europe will be in a strong second place, ahead of North America.

In 2019, Europe is expected to exceed 500,000 sales annually, while U.S. will hit the same mark around 2022.

Most of the plug-in car sales will be plug-in hybrids, according to the report:

"LMC Automotive also estimates that the biggest winners will be PHEVs, with sales jumping 195% from 2016 to 2019 before reaching 3.3 million units annually by 2025. As a result PHEVs will represent around 60% of combined global sales for PHEVs, BEVs and EREVs. Pure electric (BEV) volumes are predicted to rise from 350,000 units in 2016 to 2.2 million nine years later."

Most popular EV brands in 2015 by end of August (source: JATO Dynamics)

Most popular EV brands in 2015 by end of August (source: JATO Dynamics)

source: JATO Dynamics


Source: Report: 700,000 Plug-In Electric Cars To Be Sold Worldwide In 2016 – China To Dominate EV Sales

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