My Account

Post: Global sales of EVs doubled in 2021

Insights

Energy management insights for
better business decisions
Home | Global sales of EVs doubled in 2021

Posted 2 months ago | 3 minute read

Global sales of EVs doubled in 2021

Global sales of new electric vehicles (EV) and plug-in hybrid cars more-than doubled last year, but sales in Japan lagged way behind those in China, the United States and some European countries, the International Energy Agency (IEA) has found.

In its Global EV Outlook 2022, released in May, the IEA said 6.6M EVs and plug-in hybrids were sold worldwide in 2021. That is 2.2 times more than that in the previous year, and accounted for near 10% of all new vehicles sold – four times the market share in 2019. This brought the total number of electric cars on the world’s roads to about 16.5M, triple the amount in 2018. Global sales of electric cars have kept rising in the first quarter of 2022, with 2M sold – up 75% from the same period in 2021.

Sales in China nearly tripled to 3.33 million vehicles, while in the US, they more than doubled to 630,000. European markets also saw big increases, with sales in Germany growing 1.7 times to 680,000. In Britain, they rose 1.8 times to 310,000; while in France sales were up 1.7 times to 300,000. Japan’s EV sales increased 1.5 times, but still only to 44,000 units.

The IEA says many countries have plans to gradually reduce or eventually ban sales of new fossil fuel vehicles. It says subsidy programs for EVs were also expanded and those factors contributed to strong sales around the world.

GridBeyond CEO and Co-Founder Michael Phelan said:

“Falling costs, widening availability, and support from policy-makers, have spurred a recent rise in sales of EVs, but as they become more common, electricity demand will inevitably rise. This will create new opportunities for commercial EV fleets. Ultimately, it could help turn what is currently a cost centre – refuelling – into a potential revenue stream through optimisation of electricity use.

“But increased charging during the day will require data intelligence and management to avoid being exposed to peak prices. GridBeyond’s point technology and platform can not only help a business avoid these costs but turn them into new revenues, thereby supporting further EV rollout and decarbonisation of the power system.” “At GridBeyond we partner with local authorities and bus and fleet operators as well as charge point operators (CPOs) and infrastructure providers to deliver innovative solutions that optimise the way energy is purchased, stored and used. Our energy services help you avoid charging at times of peak prices and by optimising your demand, generation and storage assets, alongside your EV fleet.”

Brochure

Revving up the Grid | Opportunities for EV Fleet Owners

Transitioning your fleet to battery-electric technology introduces a new set of challenges that go well beyond the vehicles.

Learn more

Enjoyed this content? Why not share it: