Global EV sales: 4.2 million in 1H2022, up 63% compared to 1H2021

Market researcher Canalys shared its latest study of EV sales, where it finds 4.2 million electric vehicles (EVs) were sold worldwide in the first half of 2022, up 63% on the first half of 2021. EVs include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Key findings, analysis, and analyst comments shared by Canalys includes: 2.4 million Evs were delivered to customers in Mainland China in H1 2022. This equated to 26% of all passenger cars delivered there, against just 10% in H1 2021. 1.1 million Evs were delivered to customers in Europe, accounting for 20% of all passenger cars. Evs represented 16% in H1 2021. In comparison, the US is still catching up. 414,000 Evs were delivered to customers in H1 2022. But Evs grew from 3% of new cars in H1 2021 to 6% of new cars in H1 2022, a rise of 62%. China is the largest and fastest-growing EV market in the world “EV sales in Mainland China more than doubled in H1 2022 and it is now by far the biggest EV market. 57% of global EV sales were in Mainland China. With 118% year-on-year growth, it is the fastest-growing market as well,” said Jason Low, Principal Analyst at Canalys. “26% of new cars sold in H1 2022 in Mainland China were Evs, and more brands and models keep hitting the market. China’s auto industry is showing signs of recovery from supply chain and lockdown challenges, with car...