In first half of 202, 59% of global battery electric vehicles (BEV) were purchased in China. China has returned to lead the global BEV market. Not only dominating in numbers, but also in growth and market share, China is leading the way to transforming its vehicle market.
At the end of 2020, the average market share for battery electric vehicles (BEVs) in the Western Europe 5+5 countries was higher than in China. In the six months since, however, BEV market share in China has almost doubled, from 5.2% to 9.8%, propelled by an extension of government subsidies, and has overtaken the WE 5+5 average again (now standing at 8.6%).
Nevertheless, if we break down Europe into its constituent countries, the picture becomes more dynamic. The below European countries are all ahead of China in terms of market share:
- Germany (10.7%)
- Norway (a huge 57.3%)
- Sweden (12.6%)
- Austria (11.4%)
- The Netherlands (10.7%)
- Switzerland (9.9%)
Meanwhile, the following European countries do not lag too far behind:
- The UK (8.1%)
- France (7.9%)
However, these European countries have ground to make up in terms of electric car chares when compared to China:
- Italy (3.4%)
- Spain (2.3%)