Global electric vehicle (EV) sales are expected to surpass 6 million units in 2021 after sales tripled worldwide during the first six months, when compared to the same period in 2020, says consultancy firm Wood Mackenzie.
While the share of EVs in global car sales doubled to 7% over the last year, the analysis acknowledges some of this increase is attributed to a fall in vehicle sales during the pandemic in 2020.
Subsidy policies and efforts to promote a green recovery in China and in Europe appear to have had a positive effect as year-long sales in each region are expected to exceed 2.5 million, the analysis says.
According to the analysis, China led the EV market during the first half of 2021, as the share of EVs grew to 9.3%, nearly 2% higher than the European share. In terms of total numbers, sales in China reached 900,000 units, nearly double the number of European sales.
While China and Europe are “the vanguard for transport decarbonisation”, the analysis calls for a focus on making it a global phenomenon, as EV share in the US only increased by 1.4% during the first half of 2021.