Abstract:

Approximately 3.5 million EVs were sold in China in 2021, 150% higher than the 2020 level. This represented 51% of the world’s total EV sales in 2021, compared to 42% in 2020. Europe as a single market closely followed China as the world’s second largest EV market. In 2021, 2.3 million EVs were sold in Europe, a 66% increase from 2020. This accounted for 34% of the global total, compared to 42% in 2020. Seven of the top ten national markets in terms of annual EV sales in 2021 were in Europe, including Germany, the United Kingdom, France, Norway, Italy, Sweden, and the Netherlands. The United States and South Korea ranked 3rd and 9th, respectively. The United States reached a record-high EV sales of 667,731, a 103% increase from 2020. South Korea also recorded all-time high EV sales of 115,137, 128% higher than 2020.