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

2 years ago by Mark Kane 9

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.”

Editor’s Note:  We should note that going by the report/graphics that there appears to be some specific missing regional/manufacturers brand data in JATO’s worldwide numbers (especially in China), but overall estimates appear to be inclusive/more general in nature.

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

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

  1. Mutwin Kraus says:

    The number actually seems low. Jose from the awesome EV-Sales blog at http://ev-sales.blogspot.com/ thinks this year world-wide EV sales will beat 500k. This means the actual growth from 2014 to 2015 was higher than from 2013 to 2014. Going from 500k to 700k would be quite a reduction in growth compared to this year.

    Especially with the huge market opening up in China and Europe growing stronger I think around 75-100% YoY growth should be sustainable for quite a while.

  2. ydnas7 says:

    Byd is missing
    They are 2015 no.1 plug in vehicle manufacturers

  3. ydnas7 says:

    the JATO report is missing BYD etc

  4. Bob says:

    Yato guys are drunk. There a lot of numbers totally false, for example e-Golf. Numbers known from US and all markets from Europe, YTD around 13.000 first 10 months worldwide and they write 20.000. Also BMW i3 sales are wrong, there was no month the i3 was behind e-Golf, Modle S were 28.000 until August.

    1. Bone says:

      I guess golf numbers are e-golf and golf GTE combined.

  5. Mikael says:

    Those predictions are really low and conservative.

    Europe will be doing 1,7 easily in 2020 already. And there is little chance that China is not at that level or (way?) above.

    India 19k in 2025? It’s a hard market to predict but even when being conservative you could put half a million sales by then and be sure it’s not going to be lower than that.

    1. mr. M says:

      To accieve the CO2 goal of 95g the EU needs around 20% EVs marketshare (see actual norway numbers for reference). 20% marketshare means around 2.6 million cars sold. Latest time for 95g goal is 2022.

      Conclusion: the european numbers are to low around a factor 3-6.

  6. SJC says:

    After 5 years it is still less than 1%. Projections are guesses, we will see.

  7. Pete Bauer says:

    Now the competition is heating up because of the Chinese. Hope 2016 brings more models and more sales in USA as well.