The attack of electric vehicles is in full development

The war in Ukraine may affect the attack of electric vehicles at high growth rates. However, a research by Jato Dynamics completed in the midst of the war shows very interesting facts.

The last study was made public on March 9 and was presented during a webinar, taking stock and outlining the prospects.

As the study of Jato Dynamics states, the electric wave is in full swing and constantly inflating, and it is not a ripple that shakes the waters for a while and temporarily. Taking into account, of course, the majority of the data, but ultimately not everywhere and not counting the imponderables resulting from the impending geopolitical, energy and economic changes.

However, between 2020 and 2021, sales in electric cars grew by 108% globally, from 2.01 million to 4.2 million pieces. Compared to 2019, when sales were 1.4 million, the increase was 198%!

The rapid progress of the EVs market should not hide the fact that it starts from a very low base. And that with 4.2 million units we are still in just 6% of the global market. So what is left is 94% thermal cars and hybrids of all kinds.

The attack of electric vehicles is in full development

According to Jato Dynamics’ forecasts, the market in electric cars in 2022 will be between seven and 7.5 million sales. This is a further improvement of 66% to 78%. So is the necessary basis created to talk about the intrusion of electric cars on our roads?

Also, the war in Ukraine is not projected to turn the forecast upside down, as the Russian and Ukrainian markets make up only 2.5% of the world market. That is all at the market level, of course. Because at the level of the re-disruption of the supply chain it is still premature to assess the impact.

The largest seller in electric cars today remains Tesla, with a market share of 21.3% in 2021 (907,000 sales). Behind the leading manufacturer in sales in electric cars with a share of 21.3% in 2021, Tesla, is followed by the Volkswagen Group with 11.4% and third is the SAIC-GM-Wuling consortium with 10.2%. The Stellantis Group now holds 4.2% of the EV electric market and the Renault-Nissan-Mitsubishi Alliance 3%.

Let’s also mention another interesting element that is more or less in line with the overall market trend: 37% of evs sold are SUVs, 24% medium-sized berlins, 22% city cars, 14% compact models and 3% all other body types.

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