Global Electric Car Sales Has an Annualized 4+ Million in September

Brian Wang |
November 20, 2020 |

Global plugin electric car sales in September, 2020 were 345,000 which on an annualized basis would be over 4.1 million cars. This was 4.9% of global car sales. October numbers for EV sales in China increased 137% Year over year to 121,000 in October, 2020. Total passenger car sales in China was 2.02 million cars in October. China’s EV car sales were 6.0% of total car sales in October.

From January to September, the 2020 plugin share to 3.4% (2.3% BEV). This is about 1% above the 2.5% of last year.

If October through December had EV’s holding 5% of the total global car sales then electric vehicles could hit 3 million in annual sales for 2020.

Europe electric car sales are expected to reach 10% share of new vehicle sales in 2020 and 15% in 2021. A Cleantechnica analyst forecasts YOY EV sales in the US of 70% in 2021 versus 2020, with sales increasing to 585,375 in 2021 from 345,285 in 2020. This would mean EVs would have 3.5% of overall car sales in the US.

Europe emissions law can result in penalties of 1 to 2 billion euros per year for automakers that don’t meet fleet emissions targets.

Global EV car sales could hit 5 million in 2021 and 9 million in 2022.

SOURCES- InsideEVS, Cleantechnica


Written By Brian Wang, Nextbigfuture.com

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