China is still the leading market with sales of 26.3 million vehicles, up 4% compared to 2020 and 6% compared to 2019. The strong hand in epidemic control, efficient production system, and Strategies to help electric vehicles help the country continue to maintain its number one position in the world.
The US ranks second with auto sales with 15 million vehicles in 2021, a slight increase of 4% compared to 2020. Unlike the Chinese and European markets, the US has not yet benefited from an increase in sales. tram. In 2021, electric car sales account for only 3% of total car sales in the US, while in China and Europe it is 11% and 10% respectively.
Top 10 largest auto markets in each continent.
However, the growth of electric cars is not enough to offset the negative impact on the European market in recent years. Specifically, passenger car consumption in Europe from 2019-2021 decreased by 25%, equivalent to 4.04 million vehicles. Previously, the European market size was almost equivalent to the US market, but in the past 3 years, car consumption in Europe has been slower than the US market. From a gap of 1.15 million vehicles in 2019, to last year this gap has increased to 3.2 million vehicles.
Italy falls out of the top 10
Difficulties in the main European markets were responsible for this decline. For example, Italy was previously in the top 10 largest car markets in the world, last year ranked 12th after Russia. Other countries in Europe such as Germany, France, UK and Spain, all showed a decline of 22% – 31%, from 2019 – 2021. However, despite the difficulties Germany, France and the UK is still in the Top 10 largest auto markets in the world in 2021.
The 10 largest auto markets in the world by sales in 2021
The growing popularity of electric cars in the European market is fueled by many government incentives, but that has not been enough to make electric cars the choice to replace used cars. internal combustion engine. Stricter emissions regulations are also affecting electric vehicle production, but higher electric vehicle prices could leave many buyers unable to afford new electric vehicles under current conditions.
Korea, Chile, Turkey win the place
South Korea swapped places with Italy, climbing from 12th to 9th. Chile also rose to become the second largest auto market in South America. Notably, the Turkish market has increased from the 25th position in 2019 to the 18th position in 2021, surpassing South Africa, the Netherlands, Saudi Arabia, Poland, Belgium and Thailand…
According to records, auto sales in the Vietnamese market in 2021 will be about 410,000 vehicles, possibly reaching 500,000 vehicles this year. Thus, the gap between auto sales in Vietnam and the markets in the top 10 is still very far and is unlikely to be narrowed in the near future.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here