Key points;
EV sales are experiencing an electrifying sales pace
The global market share of EV’s more than doubled in 2021
EV global market share jumped from 4.11% in 2020 to 8.57% in 2021
EV European sales up by 7% year on year and now is 19% of all vehicles sold.
It’s believed there are over 16 million electric vehicles on the roads around the world
Australian EV sales nearly tripled, 20,665 EV sales in 2021, a significant increase from the 6,900 sold in 2020
EV101 consulting is here to support and guide you through this totally new automotive era.
You may not realise it now, but we are facing one of the biggest technological transitions ever, and it is already in its exponential phase. From landlines to mobile phones, videos to streaming, and now petrol/diesel cars to Electric vehicles. Technological innovation tends to follow the ‘S-curve’: initially slow but incremental uptake followed by electrifying swift pace (the true growth stage) which is where we are right now.
The global market share of electric cars has more than doubled in 2021, marking a clear acceleration of electric vehicle adoption around the world – albeit some markets lag behind.
For years, some industry analysts and governments have failed to understand how quickly the transition to electric vehicles is happening. Every year, they adjust their predictions to be more aggressive, but even the most aggressive ones today don’t believe that more than 50% of the new auto market is going to be electric by 2030.
The way the pandemic is affecting the auto market is putting a lens on the decline in ICE car sales, and more people are starting to understand that shift is permanent. The combined decline in ICE sales and the increase in electric cars sales have resulted in a massive jump in market share for the latter over the last 12 months.
The International Energy Agency released a new report looking at car sales around the world and confirmed that EV market share jumped from 4.11% in 2020 to 8.57% in 2021.
The agency wrote about the impressive electric vehicle growth rate over the last 3 years:
“Growth has been particularly impressive over the last three years, even as the global pandemic shrank the market for conventional cars and as manufacturers started grappling with supply chain bottlenecks. In 2019, 2.2 million electric cars 1 were sold, representing just 2.5% of global car sales. In 2020, the overall car market contracted but electric car sales bucked the trend, rising to 3 million and representing 4.1% of total car sales. In 2021, electric car sales more than doubled to 6.6 million, representing close to 9% of the global car market and more than tripling their market share from two years earlier. All the net growth in global car sales in 2021 came from electric cars.”
They now believe that there are over 16 million electric vehicles on the roads around the world, but those vehicles are not distributed equally. Europe and China are leading the way with 16% and 14% EV market share respectively, while the US is at 4.5%.
And whilst Australia has been slow to realise this transition to electric vehicles, the sales have nearly tripled in 2021 after years of lagging sales, off the back of incentives introduced by state governments to support their uptake.
Australia recorded 20,665 EV sales in 2021, a significant increase from the 6,900 sold in 2020, which means electric cars now make up 1.95% of the new car market. The Tesla Model 3 was the bestselling electric car in Australia, with 12,094 vehicles sold last year – accounting for 58.5% of all EVs sold. It was followed by the MG ZS with 1,388 and the Mitsubishi Outlander with 592.
As more EV products are becoming available and are becoming more affordable in Australia more people will be converting to electric cars sooner rather than later. However, making the switch to one can seem confusing as there’s loads of different jargon to understand, not to mention a whole raft of new technology to understand what is best for you, during the biggest change to the automotive arena, in our lifetime.
Therefore, EV101 consulting is here to put you in the EV driver’s seat to support you through this new automotive revolution. EV101 consulting will be here to support and guide you through this totally new automotive era.
As a true industry independent, EV101 breaks through the sales pitch and provides an unbiased evaluation service with your best interests in mind, including;
EV product selection
Charge point strategy
Software management
Incentive programs / opportunities
Cost of ownership
Combating range anxiety
Transition to EV driving
EV101 consulting will navigate you through this transition and together we can embrace EV evolution in Australia.
Contact us via the EV101 website; www.ev101.com.au or at EV101news@gmail.com to discuss your EV requirements.
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