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