Electric vehicles market monitor for light-duty vehicles: China, Europe, United States, and India, 2020 and 2021
This is ICCT’s first Major Markets Electric Vehicle Monitor. The Major Markets series will analyze the electric vehicle (EV) market development and fleet carbon dioxide (CO2) emissions trends of manufacturers of light-duty vehicles (LDVs) in China, Europe, the United States, and India. These four markets were home to approximately 73% of global LDV sales in 2021. Results show that EVs were 17% of all new LDVs sold in Europe in 2021. This was the highest EV market share in the world and a 70% increase from Europe’s EV share in 2020. As illustrated in the figure, China followed with a 13.5% EV market share in 2021, and both the United States and India significantly lagged China and Europe in terms of EV market share—4.8% and 0.4%, respectively—and absolute number of EVs sold.