Main electric vehicle markets in the world

2 min. reading
E-mobility, Mobility / 13 March, 2022

Karla García Gil Journalist

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Despite the harsh conditions that shook the automotive industry due to the pandemic, coupled with the crisis of the miscrohips, electric car sales doubled worldwide last year, reaching 6.6 million units registered, compared to 3 million in 2020, according to data from the International Energy Agency (IEA).

By country, the percentage of electric vehicles registered as of 2021 were: Norway (64.5%), Germany (13.6%), China (12.7%), Great Britain (11.5%), France (9.8%), Italy (4.6%), Spain (2.8%), United States (2.6%) and Japan (0.9%), according to data from Strategy& PwC, who states that, battery electric vehicles accounted for 8.2% of new registrations, compared to 4.1% in 2020.

It should be noted that, the Chinese market, had an important rebound, almost tripling sales from 1.2 million to 3.4 million. In Europe, sales increased by almost 70% to 2.3 million. In the United States, sales exceeded half a million for the first time.

Thus, China, Europe and the United States together account for around 90% of global electric car sales, indicating that there is still plenty of scope for electric mobility in other parts of the world.

Advantages and disadvantages of electric mobility

Advantages and disadvantages of electric mobility

In recent years, people and governments around the world have become aware of the environmental havoc that the excessive use of fossil fuels and petroleum derivatives has caused globally. As a result, we are beginning to move towards a profound energy change.

Overview in Latin America

Sales of battery electric vehicles and plug-in hybrid vehicles have maintained an uninterrupted growth rate in Latin America. Thus, Mexico is positioned as the largest market for the segment in the entire region, with a total of more than 4,500 new units sold in 2021, according to data from Statista Mobility Market Outlook,

By 2022, sales of this type of vehicle are expected to exceed 6,000 units, which would represent more than 30% growth over the previous year. By 2026, Mexico could reach a sales volume of 18,900 units, almost triple the estimate for Colombia in the same year, which would barely reach 7,000 units.

In the case of Brazil, the South American giant ranks second in sales, with an estimate for this year of 5,100 units, which could reach 16,000 by 2026. It is followed by the Chilean market, which, from 2,400 units this year, could rise to 6,800, and the Costa Rican market, which could reach 5,300 registrations.

In the case of the Mexican and Chilean markets, electric and hybrid cars still represent less than 10% of total vehicle purchases, which reveals that there are still large areas of opportunity in the region. Paradoxically, Latin America contributes much of the raw materials used in the production of such cars worldwide, such as lithium and copper.

Investments in the region would help strengthen the future of a market that is undoubtedly electric.

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