China is the single largest electric vehicle market in the
world. In 2020, 1.3 million electric vehicles
were sold in China. This represented 41%
of global electric vehicle sales, which is just behind Europe, with 42% of
global electric vehicle sales. In
contrast, electric vehicle sales in the US represented only 2.4% of sales, and 0.5%
of all cars sold in India. Analysts
forecast that 1.9 million electric vehicles will be sold in China in 2021, a growth
of 51%, and a market share of 9% of all cars sold in China. All this tells us that global sales for electric
vehicles have a lot of room to grow in the next decade.
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