GLOBAL ELECTRIC VEHICLES SALES HAVE CONTINUED THEIR STRONG GROWTH IN 2022

Nearly 6.5 million electric vehicles (EVs) — including fully electric and plug-in hybrid passenger cars — were sold worldwide in 2021, up 109 percent from 2020, with Tesla leading the global EV market with a 14 percent share, a new report showed on Monday.

The total global car market grew just 4 percent in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages, while EV sales represented 9 percent of all passenger car sales last year, according to market research.

"Over 3.2 million EVs were sold in Mainland China in 2021 - half of all-electric cars sold worldwide, and 2 million more than were sold in the country in 2020. Many new models are launching every month in each important market segment, from tiny, inexpensive city cars to mainstream and premium sedans and SUVs," said Jason Low, principal analyst at Canalys.

The Tesla Model 3 was the best-selling electric car in Europe in 2021, but Volkswagen Group was the leading manufacturer of EVs, with several models from Audi, Skoda and VW selling well.

"Demand for EVs continues to be strong in Europe. In fact, in many European countries EVs represented more than a quarter of new cars sold. but customers must be patient. A nine to 12 month wait time for a new EV is not unusual," said analyst Ashwin Amberkar.

Volkswagen Group was second with a 12 percent market share and SAIC, which includes SGMW (the combination of SAIC, GM and Wuling) came third with an 11 per cent share, the report said.