Tuesday, 09 February 2021 10:20

Global electric vehicle sales grew by 39% in 2020: Canalys

Global electric vehicle sales grew by 39% in 2020: Canalys Image by Blomst from Pixabay

Sales of electric vehicles increased by 39% year-on-year globally in 2020 to 3.1 million units, the technology analyst firm Canalys says, adding that, in comparison, the total passenger car market experienced a sales decline of 14% for 2020.

The company predicted that EV sales would increase to 30 million by 2028 and also that EVs would make up half of all passenger cars sold globally by 2030.

Canalys' chief automotive analyst Chris Jones said: "In a tough 2020 for the automotive industry, the strong demand for EVs has been a real bright spot. This will continue around the world in 2021 and beyond, despite the economically adverse conditions."

The 2020 figures represent about 5% of all new car sales, with Canalys predicting that this would rise to 7% in 2021 and exceed five million unit sales.

About 1.3 million EVs were sold in each of China and Europe in 2020, four times the sales in the US. “EV sales in the US represented just 2.4% of new cars sold there, despite it being home to Tesla, the world’s leading EV manufacturer," said Jones. "Even policies from a more supportive US government won’t change things overnight.”

evsales 2020 canalys

Canalys said its 2030 forecast was that 48% of all new cars sold globally would be EVs.

“Rapid growth will continue as more electric vehicles launch and governments set and maintain policies to stimulate EV production and sales," said Canalys vice-president Sandy Fitzpatrick.

"Reducing ‘range anxiety’ with increases in performance and charging infrastructure will be vital to entice more buyers.

"The automotive industry is currently facing crippling semiconductor shortages, so managing future supply chains and production systems to cope with the growth will be make or break for any electric vehicle strategies.”

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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