According to Canalys’ latest research, China alone saw sales of 2.4 million electric vehicles, which account for 26 percent of all passenger cars delivered in the country, up from just 10 percent in the first half of 2021.
Electric vehicles include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
“EV sales in Mainland China more than doubled in H1 2022 and are now the largest EV market by far. 75 percent of global EV sales were in Mainland China. With 118 percent year-on-year growth, it It is also the fastest growing market,” said Jason Low, principal analyst at Canalys.
“With this momentum and strong consumer demand, EV sales in the country should be above 5 million by the end of 2022,” Low said.
With several new EV models already launched this year, the demand for EVs is increasing steadily in 2022.
Rising fuel prices have further fueled demand and government incentives help buyers.
But supplies are still very constrained and it is common to wait for several months for deliveries, the report said.
While 1.1 million EVs were delivered to customers in Europe, 414,000 EVs were delivered to US customers in the first half of 2022.
Tesla was the third largest automaker in Mainland China in the first half of this year. During this period it delivered around 200,000 vehicles to customers.
More than 4,13,000 electric vehicles were sold in the US in the first half of 2022, including more than 64,000 electric pickup trucks.
“Despite more vehicle types from more brands and a better range of EVs, Tesla still accounted for about 60 percent of US sales in H1 2022,” said Chris Jones, VP and chief analyst.
Tesla is a leader in the BEV segment, with the strong performance of its Model Y and Model 3 selling 565,000 vehicles during H1 2022, giving it a market share of 14 percent.
Disclaimer: This story is auto-aggregated by a computer program and is not created or edited by FreshersLIVE.Publisher : IANS-media