In first half of 2021,59% of global BEVs were purchased in China. China has returned to lead the global BEV market. Not only dominating in numbers, but also in growth and market share, China is leading the way to transforming its vehicle market.
At the end of 2020, the average market share for battery electric vehicles (BEVs) in the Western Europe 5+5 countries was higher than in China. In the six months since, however, BEV market share in China has almost doubled, from 5.2% to 9.8%, propelled by an extension of government subsidies, and has overtaken the WE 5+5 average again (now standing at 8.6%). Nevertheless, if we break down Europe into its constituent countries, the picture becomes more dynamic. Germany (10.7%), Norway (a huge 57.3%), Sweden (12.6%), Austria (11.4%), the Netherlands (10.7%) and Switzerland (9.9%) are all ahead of China in terms of market share. The UK (8.1%) and France (7.9%) do not lag too far behind, but Italy (3.4%) and Spain (2.3%) have much ground to make up.