Electromobility: China takes pole position – again

January 19, 2021 //By Christoph Hammerschmidt
Electromobility: China takes pole position – again
China remains the largest sales market for electric mobility. Market leader for electric cars in China is Tesla with the Model 3. A new study by the Center of Automotive Management (CAM) provides further details.

In the Corona year 2020, electric vehicle registrations (BEV/PHEV) will increase by 14.6 % to 1.246 million passenger cars (incl. light commercial vehicles, LCV). In addition, there will be a further 121,000 buses and commercial vehicles with electric drives. The market share of electric vehicles (passenger cars and LCVs) increased from 5.0 to 6.2 %. The total passenger car market in China fell by 6% to 20.18 million cars. This means that demand in the world's largest vehicle market has again declined slightly for the third year in a row (-6%). This is the result of the Electromobility Report 2020 of the Center of Automotive Management (CAM).

Battery-electric new registrations (BEVs) will increase at an above-average rate in 2020, rising to 1 million passenger cars (+16.1%) for the first time. The market share of BEVs grows to 5.0%. Plug-in hybrids (PHEVs) reach 247,000 new passenger car registrations (+9.1%), which corresponds to a market share of 1.2%.

Market trends of new electric passenger cars registrations in China in the full year 2020 (2019). Source: CAM

According to the China Passenger Car Association (CPCA), the market leader for electric vehicles in 2020 in China is the Tesla Model 3 with over 137,000 vehicles. Together with the other models, the Chinese market is already likely to be responsible for around 30% of all global sales by Tesla, which will have sold 495,550 vehicles (+36%) worldwide in 2020. The American manufacturer benefits in China primarily from sales of the Model 3, which has also been built in the newly opened factory in Shanghai since the end of 2019. The Model Y, whose delivery started on 18 January 2021, is also manufactured there.

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