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Electric vehicle sales review (Full year 2021)

2022-02-21

Global BEV sales double in 2021

In comparison with the previous year, sales of battery electric vehicles (BEVs) increased by 121% in all markets analysed in 2021. China led the way with sales of almost three million BEVs in the calendar year, up by 172% from 2020, as buyers in that country sought to take advantage of incentives before their planned reduction.

Sales in major European markets also showed substantial growth during the year. New BEV registrations went up by 83% in Germany in 2021, and 76% in the UK. Meanwhile, the United States BEV market, hitherto a sleeping giant, is showing promising signs of growth. Buoyed by certain popular models, BEV sales increased by 62% from the previous year.

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Jun Jin

Jun Jin

Partner, Strategy& China

Huchu Xu

Huchu Xu

Partner, Strategy& China

Steven Jiang

Steven Jiang

Partner, Strategy& China