Data from Jose Pontes at CleanTechnica
 |
| N.B Log scale. Note December peak, January/February slump. |
Global EV/PHEV sales doubled in 2021 from 3.2 million to 6.5 million. According to Statista, global car sales totalled 66.7 million in 2021, so plug-ins made up nearly 10% of the market. In 2019, they made up just 3%.
Most people cannot imagine what will happen with exponential growth. When EV/PHEV sales were below 1% of global car sales in 2016, anybody forecasting 10% before 2040 was ridiculed (including me). Yet it was obvious from the sustained rapid growth that EV sales weren't going to rise linearly but exponentially.
But if EV/PHEV sales double every year, that means they will make up 20% of sales this year, 40% next year (2023) and 80% in 2024. Go on then, have a good laugh at me. But while you're doing it, this might be a good time to sell legacy carmakers and oil stocks.
And while you're at it, thank Elon Musk. Because this growth in EVs will reduce global emissions from land transport by 6% a year from 2024 onwards.
No comments:
Post a Comment