Thursday, November 2, 2017

World EV sales rise again

(As always the source of basic data for EV/PHEV sales is InsideEVs.com, with my seasonal adjustments and trend estimates)

Unadjusted global sales of PVs/PHEVs was a record 123,000 in September, by far the highest ever.  However, seasonally adjusted, sales for September were 108,000--though this too was the highest ever.  In the chart immediately below, the seasonally adjusted data are in red, the smoothed seasonally adjusted data are in blue.  Notice how the slope of the line is increasing: sales of EVs/PHEVs are acceleratingThey've risen 5 fold in less than 4 years.



As a percentage of global car sales, EV sales are also rising fast.  The green line shows the seasonally adjusted data as a percentage of world car sales, using my estimate of world car sales for 2017.  The blue line shows the smoothed time series.  My estimate for total world car sales in 2017 is likely to be revised down, which will increase the percentage of EVs in the total ( I only have annual data for world car sales up to 2016 thus far.)  Note how at the beginning of 2014, EV/PHEV sales as a percentage of the total were just 0.4%.  In September, this year they reached 1.9% and it's easy to forecast that they will exceed 2% (prolly 2.2%) by end 2017.


World EV sales are growing by 50+% year on year.  That means they more than double every 2 years, and will be up 7.5 fold in 5 years, with EVs/PHEVs making up at least 15% of new car sales globally if that growth rate continues.  As I've said before, I think that's conservative.  By 2022, cars with a plug will make up 20% or more of global car sales.  By 2030, it could be close to 80%.





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