Study: China increases lead in electromobility, Europe lags

March 27, 2017 //By Christoph Hammerschmidt
Study: China increases lead in electromobility, Europe lags
China is pushing up the pace of electric mobility: With 43% of world production of 870,000 electric vehicles, China is well ahead of Germany with 23% and the USA with 17%. Who believes this lead is owed only to China’s cheap labor is wrong: The country is also successfully developing the underlying technologies, corporate consultancy McKinsey writes in a study.

Besides its edge in the production of electric cars, the People's Republic of China increased its market share in key components in 2016: In the global production of battery cells, China now accounts for 25% of the world market share. In the segment of E-motors, China is even stronger; it manufactured 37% of the world’s demand. On the demand side, China is also very dynamic, but still ranks fourth behind Norway, the Netherlands and Sweden. Germany, otherwise Europe’s largest market for vehicles, ranks in the overall view of market size and general conditions in the rear midfield of the 15 countries studied. These are the key findings of McKinsey & Company's current Electric Vehicle Index (EVI).

"The future of e-mobility decides in China", explains Nicolai Müller, McKinsey's senior partner, the results. Since last year, more than 650,000 electric vehicles (plug-in hybrids and purely battery-electric cars) are driving on Chinese roads. China has also overtaken the US as the country with the largest e-car fleet for the first time. Almost half of the 743,000 newly registered electric vehicles registered in 2016 worldwide (352,000 units) accounted for China. The market grew by 69% in the past year, while in Europe a mere 7% more registrations were recorded, with a total of 202,000 electric cars. In the US, 159,000 e-cars were sold; an increase of 37%. In terms of technology, the study reveals regional differences: While battery-electric vehicles dominate China and the USA, more than half of the E-cars sold in Europe have a plug-in hybrid powertrain.


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