From CleanTechnica
Global plugin vehicle registrations were up 99% in February 2022 compared to February 2021. There were 541,000 registrations, representing 9.3% share (6.4% BEV share) of the overall auto market. That’s almost a doubling of plugin vehicle sales from a year ago, which means that the global automotive market is already entering the Electric Disruption Zone.
Add the 587,000 units of plugless hybrids registered in February and we have some 20% of the overall global market having some form of electrification last month. With March possibly being a record month, we should see over 25% share of electrified registrations!
See how, in my chart below, unadjusted data (turquoise line)for November & December are strong, while January and February are weak. The seasonally adjusted data (tan line) removes this seasonal pattern, and has moved to a new high. Note that the chart uses a logarithmic scale, which means that a constant growth rate produces a straight line. Each tick mark shows a three-fold increase
Global EV/PHEV sales are doubling every year. This means that the EV/PHEV percentage could reach 20% of total sales by the end of this year and 40% by the end of next. China is removing all EV price incentives next year, so the growth rate may dip. On the other hand, the Russo-Ukraine war has demonstrated just how important energy independence from dictatorial petro-states is. Expect initiatives to encourage EVs to ramp up in Europe, and incentives to buy EVs in China to be extended. You can see the levelling off in global EV sales in 2019, the last time China slashed incentives. This lasted just a year before the uptrend resumed. Even in Australia, with negligible incentives and a per-kilometre road tax of 2.5 cents, EV sales have more than doubled year on year.
It seems clear to me that EV/PHEV sales will have reached at least 70% of global car/light truck sales by the end of 2025.
No comments:
Post a Comment