GRA
Well-known member
Both IEVS:
https://insideevs.com/news/623664/record-market-share-evs-us-europe/
https://insideevs.com/news/623692/canada-ev-sales-lagging-golbally/
Record Market Share For EVs In The USA And Europe
In the US, share was 5.1 percent between January and October 2022. In Europe, more than 1 vehicle out of 10 is electric.
https://insideevs.com/news/623664/record-market-share-evs-us-europe/
There are very positive sales results for electric cars in the United States and Europe. Interestingly, the latest data released by JATO Dynamics indicates the growth in demand for EVs goes beyond China, the largest market in the world for this type of vehicle.
The market share of Battery Electric Vehicles (BEVs) in the US was 5.1 percent between January and October 2022 [GRA note: I believe this is actually PEVs, not just BEVs. The European totals include both, but the chart is mislabeled]. While still small compared to the strong presence of combustion engine vehicles, it is remarkable to see the growth compared to previous years. For example, in the first ten months of 2021, BEVs accounted for 2.9 percent of the total market.
Two years earlier, from January-October 2020, EVs were just 1.7 percent of all new vehicle sales. In 2019, BEVs accounted for 1.3 percent of the total market. The popularity of the Tesla Model Y and the good start of electric trucks, such as the GMC Hummer EV and Ford F-150 Lightning, explains part of the rapid growth.
The trend is expected to continue in 2023 with the arrival of more affordable electric SUVs and trucks. Importantly, US consumers mostly buy these vehicles.
More Than 1 In 10 Cars In Europe Are Electric
Despite the progress, the US electric car market lags behind Europe. JATO data covering 23 European markets shows that these vehicles accounted for 12 percent of new car registrations through October 2022. That equates to 1.09 million units out of 9.09 million for the entire market. The total rises to 1.86 million when plug-in hybrids (PHEVs) are added.
The European boom can be explained by better infrastructure, more choices for consumers, and good offers. Indeed, it is sometimes easier to buy a new electric car than a petrol one. This is due to the shift in priority that OEMs are giving to their products.
Since the problem of semiconductors is likely to remain a supply issue, the few available are used in the most popular models (especially SUVs) or in those that are easier to sell, such as EVs thanks to public incentives.accounted for 12 percent of new car registrations through October 2022. That equates to 1.09 million units out of 9.09 million for the entire market. The total rises to 1.86 million when plug-in hybrids (PHEVs) are added.
Thus, the European total was 1.9 times higher than the American one. The gap has narrowed significantly since 2020. In that year, there were 2.5 EVs registered in Europe for every EV sold in the US. The ratio dropped to 2.4 between January and October 2021.
What Will Happen In The Future?
These two markets are expected to see higher numbers for electric vehicles next year. Rapid adoption in some markets is driven by more competitive offerings. More accessible and interesting products will arrive next year.
The introduction of these vehicles includes large trucks and SUVs in the US and small and compact SUVs in Europe. As consumer awareness increases and their willingness to drive electric is bolstered by better cars, it wouldn't be strange to see double-digit market share for BEVs in the US and over 20 percent in Europe for 2023.
Canada EV Sales Up By A Third In 2022, Still Behind The Rest Of The World
One in eight new passenger vehicles bought in Canada in H1 2022 was a plug-in.
https://insideevs.com/news/623692/canada-ev-sales-lagging-golbally/
The switch to electric vehicles seems to be more difficult in Canada than in other developed countries, even though more and more people are choosing to go electric than ever before. EV sales in the country went up by 30 percent in the first half of 2022, but according to one report, that is not enough for Canada to keep pace with other areas of the world where the shift is happening quicker.
According to findings published by BloombergNEF, quoted by Automotive News Canda, one in eight new vehicles bought globally between January and June was either a full electric vehicle or a plug-in hybrid, which is up on the same period last year when one out of every eleven vehicles could be plugged in.
For Canada, the proportion is roughly one EV for every fourteen new vehicles bought in the first half of 2022, which is an improvement over a year prior when it was one EV for 20 vehicles. In fact, EV sales have reached a six-month record, with 55,600 EVs sold in the first half of the year, marking a 35 percent increase over the same period in 2021.
The Canadian Automobile Association says there are 80 battery-electric vehicles currently on sale in the country and that their average price is $82,000 CAD. EV buyers do benefit from a $5,000 state rebate, although in order to qualify, a vehicle needs to have a base price no higher than $55,000.
There are also state rebates in Quebec and British Columbia and it shows in better-than-average EV sales here. In fact, in British Columbia one in six new vehicles bought in H1 2022 was electric, noticeably higher than the national average - that’s 13 percent of new cars that are fully-electric. Quebec follows with 11.4 percent, with Ontario coming in a distant third position with 5.5 percent (the state had an EV incentive program, but it was stopped in 2018).
Canada wants 60 percent of all passenger vehicles sold in the country in 2030 to be fully-electric, or around 480,000 units, before only allowing the sale of EVs after 2035. For reference, in the first half of 2022, just under 56,000 of all new vehicles sold in Canada were electric, which marked a 35 percent year-over-year increase.