Press release
Feb 11, 2022
Global electric vehicle sales up 109% in 2021, with half in Mainland China
Electric Vehicle Analysis
Comprehensive worldwide market data, forecasts and analysis of the growing electric vehicle market and the strategies of the key players.
The growth in sales of electric vehicles (EVs) has provided the automotive industry with a ray of hope in recent years during a particularly challenging time. Demand for EVs is building around the world but the EV share of vehicle sales varies from less than 1% in some countries to over 80% in others. Demand is affected by the availability of EVs, the cost of ownership, the roll out of EV charging infrastructure, government policies and incentives, and the awareness and acceptance of vehicles by consumers.
All automotive OEMs are transitioning their product line-ups from internal combustion engine (ICE) vehicles to EVs (fully electric vehicles and plug-in hybrids). The speed at which they transition differs from one OEM or brand to another. Most have set target years by which all or a specific percentage of their ranges will be EVs. Scale and time to market are crucial and OEMs will use EV platforms in multiple new models across sub-brands and vehicle types to accelerate the transition most efficiently. Many new EV-only brands have entered the market, challenging the incumbent OEMs and offering consumers more choice.
Canalys studies the market in the face of changing global trends. Its Electric Vehicle Analysis service provides qualitative and quantitative insights into the EV market. It guides technology companies and automotive OEMs and helps them understand the various worldwide opportunities.
The Electric Vehicle Analysis service helps clients in many ways:
Electric Vehicle Analysis includes
- Bi-annual EV market-sizing information for major markets by brand and model.
- Bi-annual market trends reports.
- Five-year EV sales forecasts by year and major market, updated annually or on request.
- Five-year EV installed base forecasts by year and major market, updated annually or on request.
- Analytical reports covering key announcements and industry changes.
- Continuously updated EV platforms database.
- Annual consumer surveys in China, Europe and the US, with results and analysis.
- “Design your own service” options.
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