Electric Car Sales 2021: A Year of Unprecedented Growth and Breakthroughs

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Electric Car Sales 2021: Unpacking the Phenomenal Rise

Electric car sales 2021 experienced a notable surge, marking a significant milestone in the global automotive industry’s transition towards sustainability. The demand for electric vehicles (EVs) continued to grow as consumers increasingly prioritized eco-friendly options and governments implemented policies supporting clean energy. Established automakers, along with new entrants in the market, contributed to the expansion of electric vehicle offerings, providing consumers with diverse choices. Advances in battery technology, increased charging infrastructure, and a growing awareness of environmental concerns played pivotal roles in driving the adoption of electric cars. As a result, 2021 witnessed a substantial increase in electric car sales 2021, setting the stage for a future where sustainable transportation becomes more mainstream.


Electrifying Leap: Doubling of Global EV Sales in 2021 Signals a Brighter, Greener Future

In 2021, the world witnessed a remarkable surge in electric vehicle (EV) sales. The numbers skyrocketed from 3 million in 2020 to an astounding 6.6 million in 2021, marking a growth rate of over 100%. This exponential increase is a testament to the global shift towards sustainable transportation and the growing acceptance of EVs.

The reasons behind this growth are manifold. Firstly, the environmental benefits of EVs have become increasingly apparent. As the world grapples with the effects of climate change, the reduction in carbon emissions offered by EVs is a significant advantage.

Secondly, technological advancements have made EVs more accessible and practical. Improvements in battery technology have led to longer ranges, reducing ‘range anxiety’. Additionally, the expansion of charging infrastructure has made owning an EV more convenient.

Government policies have also played a crucial role. Incentives such as tax credits and subsidies have made EVs more affordable, encouraging more consumers to make the switch. Moreover, some countries have announced plans to phase out internal combustion engine vehicles, further boosting EV sales.

The growth in EV sales is not just a trend, but a reflection of the future of transportation. As we continue to innovate and push the boundaries of technology, the adoption of EVs is set to accelerate even further. The year 2021 was a turning point, and it’s clear that the electric revolution is well underway.

Global sales of plug-in electric vehicles in May 2021: more than 440,000

In May 2021, a significant milestone was reached in the automotive industry. Global sales of plug-in electric vehicles (EVs) exceeded 440,000 units. This figure is not just a statistic, but a testament to the accelerating pace of the green revolution in the automotive sector.

The surge in sales can be attributed to several factors. Technological advancements have led to improved battery life and reduced charging times, making EVs more practical for everyday use. The expansion of charging infrastructure globally has also played a crucial role in making EVs more accessible.

Government policies and incentives have further boosted the appeal of EVs. Many countries have introduced tax benefits and subsidies for EV buyers, making these vehicles a more affordable option. Some have even announced plans to phase out petrol and diesel cars, further driving the demand for EVs.

The rise in EV sales is also a reflection of changing consumer attitudes. As awareness about climate change grows, more and more consumers are choosing to go green. EVs, with their zero tailpipe emissions, offer a way for consumers to reduce their carbon footprint and contribute to a more sustainable future.

The sales figure of 440,000 plug-in EVs in May 2021 is a clear indication that we are at the cusp of an electric revolution. As we move forward, we can expect to see EVs playing an increasingly prominent role on the world’s roads.

The accessories market share improved to 6.6%, which includes:

In the dynamic world of electric vehicles (EVs), the accessories market has seen a significant uptick, improving to a 6.6% market share. This growth is not just a number, but a reflection of the evolving consumer preferences and the industry’s response to it.

The accessories market encompasses a wide range of products. It includes EV charging equipment, such as home charging stations and portable chargers, which have become increasingly popular as the infrastructure for EVs expands.

It also includes various in-car accessories designed to enhance the EV driving experience. These range from smart infotainment systems to advanced driver-assistance systems (ADAS).

The growth in the accessories market signifies the maturing of the EV ecosystem. As more consumers embrace EVs, the demand for these accessories is set to rise further, offering exciting opportunities for businesses in this space.

BEV: 295,000 (4.4%)
PHEV: 147,000 (2.2%)
See more of our sales reports for the month of May 2021.

Sales are expected to expand further later this year, reaching new all-time highs.

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During the first five months of 2021, plug-in sales stand at almost 2 million, while the market share increased to 5.8% (3.8% BEVs), compared to 4% a year ago.

Model Rank

In May 2021, the electric vehicle (EV) market saw a fascinating shift in dynamics. The Tesla Model 3 and Model Y led the pack, with sales reaching 30,874 and 29,378 units respectively. These figures underscore Tesla’s dominance in the EV market, with their vehicles being the preferred choice for consumers worldwide.

However, the competition is heating up. The Wuling Hong Guang MINI EV, a compact city car produced by SAIC-GM-Wuling, was hot on Tesla’s heels with 26,742 units sold. This vehicle’s popularity in China, the world’s largest EV market, is a testament to the diverse range of EVs available to consumers.

Volkswagen’s ID.4 and ID.3 models also made their mark, with the ID.4 selling 8,529 units. Meanwhile, the Changan Benni EV, a newcomer from China, sold 8,371 units, indicating the growing competitiveness of Chinese EV manufacturers.

The Renault ZOE, BYD Han EV, and Hyundai Kona Electric also featured in the top-selling models, demonstrating the global nature of the EV market. Interestingly, the Toyota Prius Prime was the top-selling plug-in hybrid, with 5,850 units sold.

These figures highlight the rapid growth and diversification of the EV market. As technology advances and more manufacturers enter the fray, consumers have a wider range of EVs to choose from than ever before. The race for EV supremacy is on, and it’s electrifying to watch.

The Tesla Model 3 and Tesla Model Y were the top-selling models in May, followed by the Wuling Hong Guang MINI EV, Volkswagen ID.4 and a Chinese newcomer – the Changan Benni EV.

The top-selling models for the month:

Tesla Model 3 – 30,874 and 172,672 YTD (# 1)
Tesla Model Y – 29,378 and 101,674 YTD (# 3)
Wuling’s Hong Guang MINI EV – 26,742 and 152,667 YTD (# 2)
Volkswagen ID.4 – 8,529 and 26,271 YTD (# 5)
Changan Benni EV – 8,371 (22,819 YTD # 12)
Volkswagen ID.3 – 6,227 and 23,929 YTD (# 10)
Renault ZOE – 6,020 and 22,987 YTD (# 11)
Toyota Prius Prime – 5,850 and 20,096 YTD (# 20)
BYD Han EV – 5,764 and 32,865 YTD (# 4)
Hyundai Kona Electric – 5,241 and 24,914 YTD (# 7)
The top-selling plug-in hybrid was the Toyota Prius Prime (5,850). There were only four PHEVs in top 20.

Brand rank

Tesla continues to be the top EV brand globally with a huge advantage both for the month and for the year. In May, we can see strong results also from BYD and Volkswagen.

The brands for the month:

Tesla – 60,282 and 276,459 YTD (# 1)
BYD – 31,736 and 110,427 YTD (# 4)
Volkswagen – 29,203 and 118,856 YTD (# 3)
SAIC-GM-Wuling – 27,890 and 161,610 YTD (# 2)
BMW – 21,537 and 105,419 YTD (# 5)
Mercedes-Benz – 16,044 and 88,186 YTD (#) 6
SAIC – 15,364 and 73,086 YTD (# 8)
Volvo – 15,269 and 75,763 YTD (# 7)
Audi – 13,232 and 60,763 YTD (# 9)
Toyota – 11,714 and 43,960 YTD (# 13)
An interesting thing is that Nissan is no longer listed among the top 20 EV brands for the year, as Skoda took # 20 with 26,061 units. It’s amazing what happened with Nissan, who was an EV pioneer.

 

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Among automotive groups, Tesla remains the top player (14% share), followed by Volkswagen Group (13%) and SAIC (12%).

 

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