The world fleet of PEV has exceeded 4 million

4 September 2018

Electric cars and hybrids grow to a million already for half a year

The global market for electric vehicles and plug-in hybrids is growing rapidly. More recently, the industry took five years to the end of 2015 to pass the symbolic mark of one million sold of electric vehicles and PHEV ({PEV). To achieve the second million took 17 months. Third million PEV sold in 10 months, and the 4th million was sold out in just six months. In the last 12 calendar months (as of end of June) total increase of sales on the automobile markets of Europe, North America, China and Japan amounted to 1.15 million PEV. 565 thousand had of pure electric vehicles (BEV). This means that almost half of the growth in the largest markets provided it is electric. And yet, in absolute terms, these figures are still small. In the second quarter of 2018 in key markets China, Europe and North America the share of PEV accounted for only, respectively, 4%, 2.3% and 1.6% of the total volume of cars sold.
However, even such a modest share of PEV on the world market means that for the first six months of 2018 sold electric vehicles and hybrids more than in all of 2016. At the end of June 2018 worldwide were implemented 3.5 million passenger electric vehicles / hybrids and 421 thousand electric buses. The main driver of market confidence is China: it had 37% sold in 2011 NEV and 99% of the buses, according to GTM. Excluding buses, the number of sold PEV reaches chetyrehbalnoy mark in September 2018. If the bulk electric Tesla Model 3 will come on the planned volumes of sales (and this in the third quarter all goes), the 4-million milestone will be passed later. If, as expected, the budget Tesla will capture the market at the planned pace, in the middle of 2019 sales of electric cars in Europe just fly. In China, growth will also continue at a rapid pace thanks to the state policy on support of electric and hybrid cars. Beijing hopes that the release of NEV (PEV+FCEV hydrogen fuel cells) to 2020 will reach two million, and by 2025 their segment is at least 20% of the total car market.
It is expected that the 5th million PEV to be sold in the next six months. Bloomberg analysts suggest that the "good news" will be performed in March 2019. Of the said amount of 45% of the sales will be in China, 26% in Europe and 25% in North America. To change the situation, in principle, all the same the Tesla Model 3, which will allow North America to quickly catch up with Europe. Then in both regions will be implemented approximately 1.3 million electric and hybrid cars.


Four million sold in seven years electric vehicles and hybrids – not the most outstanding figure in the global automotive industry. During the same period in the world was sold 590 million traditional cars, writes Bloomberg columnist Liam Denning of. But if not look at absolute figures, and take into account the dynamics of changes, then Yes, the result would be as impressive.