Thte Global Eletric Car Market- 2005/2030

The strong green transition we are witnessing is affecting several sectors. Among them, one of the most affected by these changes is the auto industry. The European Union has recently proposed a ban on diesel, gasoline and hybrid cars. A change that could lead in the coming decades to the almost exclusive circulation of electric cars in the old continent.

But which are the countries that produce more electric cars today? And how is the market evolving? We’ll try to answer this and other questions with data.

Electric Cars Market

But how many electric cars will be sold from 2015 to 2021?

In 2021, battery electric vehicles are estimated to exceed 3.5 million sales in 2021. This figure is 1.3 million more than in 2020 and 7 times higher than in 2016.

This figure was confirmed by other data recently published by the International Energy Agency (IEA). In 2020 – despite the pandemic – the number of electric vehicles sold increased by 4.6% of the total.

In terms of stock, China remains the world’s largest region. The stock of electric cars in this region in 2020 was 5.4 million. Up by 1.3 million compared to 2019. But the biggest growth was in Europe, which went from 1.9 million stock cars in 2019 to 3.3 million in 2020. The US also grew from 1.5 million to 1.8 million and the other territories from 0.6 million to 0.8 million. In total, the stock of cars exceeded 11 million units. In just six years, from 2014 to 2020, the growth was almost 10 times.

Countries with most Electric Cars – 2005/2020

But which nations will stock the most electric cars in 2020? The top nation in the world, again, is China. The electric cars were in fact 4,595,100. A figure that puts China in first position, far behind the United States. The US figure is in fact equal to 1,741,566 electric cars. In third place, in 2020 we find Germany. The German nation went from a 2019 figure of 231,995 to about 700,000,000 electric cars in just one year. In the top positions globally much of the Regions are part of Europe. These include Norway, France, the United Kingdom and the Netherlands.

The figure becomes even more interesting when we analyse it in relation to the population of the individual country. If we move from the absolute figure to the percentage share of the plug-in market in total car sales, Norway takes first place. In the first half of 2021, if we take a 100% share of car sales, 82.0% in Norway were plug-ins. A figure of more than 50% can also be found in Iceland where in the first half of 2021 the figure was more than 55%. In third place is Sweden with 39.9%, followed by other northern European countries such as Finland and Denmark with 28.3% and 26.8% respectively.

While it is true that China has the largest stock of electric cars, it is also true that only 12% of new purchases are plug-in. This is also due to China’s huge total population. However, the figure is all in all positive, given that in 2020 the percentage was 5.4% of the total. It is also interesting to note that China’s share of new plug-in cars is four times higher than that of the United States, at 12% compared with 3%. Here too, however, the United States is growing. From 2.2% in 2020, the figure is rising to 3% in the first half of 2021. In California, for example, the percentage of purchases is already over 11%.

Countries by vehicles per capita

But how many cars are there per 1000 people per country? And which countries have the highest number of vehicles per 1000 inhabitants?

The top countries in the world in terms of the number of vehicles owned per 1000 inhabitants are San Marino (latest available data from 2013) and Monaco. San Marino has 1263 cars per 1,000 inhabitants and Monaco 899 per 1,000. Among the world’s leading nations in terms of the number of vehicles per 1,000 inhabitants is once again the United States. In 2020, there were 816 cars per 1,000 inhabitants. This is followed by Australia, Liechtenstein, Brunei, Canada and others. So it is not only states with a small number of inhabitants that are at the top of the list, but also large countries. China is not in the top 50 in this category. It has 207 vehicles per 1,000 inhabitants (as of 2021). This puts it in 69th place worldwide.

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