Global electric vehicle market share to double in 2021

According to data from the automotive industry research and analysis company Jato Dynamics, tram Battery-electric vehicles (EVs) account for 6% of total vehicle sales worldwide in 2021 – nearly double the 3.1% rate in 2020.

Specifically, in 2021, about 4.2 million electric vehicles will be sold globally, a sharp increase compared to sales of 2.01 million units in 2020 and 1.4 million units in 2019.

A big contributor to this rapid growth is the Chinese market, where the demand for electric vehicles is on the rise. This is also the country that will consume about half of all electric vehicles sold globally in 2021.

In addition, demand for EVs has also increased significantly in Europe and North America in the past year.

Tesla continues to be the leading manufacturer in terms of market share, accounting for 21% of the total global sales of battery electric vehicles in 2021. Meanwhile, veteran auto groups such as Volkswagen, Stellantis (owns Jeep, Fiat). , Peugeot, Maserati…) also recorded an increase in market share in the electric vehicle segment.

According to Jato Dynamics, Tesla’s impressive development has helped pave the way for automakers from the US and Europe to find a foothold in the electric vehicle market.

However, besides the positive results, there are still many factors hindering the development of electric vehicles in different countries. For example, in the US market, the speed of users’ conversion to electric vehicles is affected by the high demand for SUVs and pickups using internal combustion engines.

Meanwhile, in developing auto markets like Vietnam, electric vehicles are still a new type of vehicle, with few options, and the charging station infrastructure is not yet widespread.