Electromobility: China expands lead

March 12, 2018 //By Christoph Hammerschmidt
Electromobility: China expands lead
The latest Electric Vehicle Index of consulting firm McKinsey continues to show China in the pole position for electromobility. The development is progressing with great regional differences; in addition, the market and the technological capabilities of the countries vary greatly. After all, Europe is catching up slowly.

With more than 600,000 electric cars sold (up 72%), almost every second electric car sold worldwide was registered in the China in 2017. Globally, new registrations of 1.2 million vehicles exceeded the million threshold for the first time. By contrast, demand in Europe with 306,000 new registrations (up 39%) and the USA with 200,000 new electric cars (up 27%) is developing at slower pace. Germany is catching up with 58,000 new electric cars - the number of registrations has doubled compared to 2016. This makes Germany the second largest market in Europe after Norway.

China is also well ahead in the production of electric vehicles, with a 41% world market share, followed by Japan with 19% and Germany with 18%. These are the key figures of the current McKinsey Electric Vehicle Index (EVI), in which management consultants regularly measure the development of e-mobility in the 15 most important countries.

“Development is currently progressing very differently from region to region - one cannot speak of a globally uniform e-car market," explains Nicolai Müller, senior partner of McKinsey. "There are many factors that vary from country to country and sometimes even from city to city: from the level of purchase premiums to other benefits such as free parking, charging infrastructure and the rules for cars with an internal combustion engine." So far, domestic companies have been dominant in all major countries: In China, the five best-selling e-vehicles all come from Chinese suppliers; in Germany, four of the top five are German brands, as are the American manufacturers in the USA.

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