Even though the market didn’t grow as compare to its last year’s quarter end, around 1.05 million electrified vehicles are sold in the most important automotive markets.

As per PwC Strategy&, China is growing strong over the year with fivefold times more than the last year, number of electric vehicles have been sold. The survey result also shows that more than 14 markets are accounted with 432,000 pure electric vehicles. Plug-in hybrids also saw its rise, however, in China, the vehicle was sold at a lesser rate. Ten of the most important European market saw a significant growth, year-on-year where the plug-in hybrids recorded a strong increase of 160 percent to 213,000.

The sales of the battery electric cars rose by 59 percent to 185,000 whereby the European markets are left behind in China and the market share of electric drives saw a significant rise in Europe. In Europe. Germany is considered as the major growth driver where a total of 143,000 electric cars were sold leading with an increase of 172 percent. The market share of Germany in Europe in case of electric vehicle has to be recorded as almost 22 percent.

In the USA, pure electric cars and plug-in hybrids are playing a minor role with a combined 106,000 registration and a recorded market share of 2.7%. The survey report also shows that new hybrid vehicles without external charging options are around 1.06 million with an increase of 66 percent, maximum to be present in Japan.

In my opinion, with the current scenario, hybrids are definitely a clear shot win-win situation for the consumer due to the lack of the availability of the charging points. The situation also shows that how many major markets from Asia to Western countries are playing a major role in the revenue of the electric car market. Not a single market can be left when it comes to profit or business oriented scene for electric vehicle market.

Source:- Automobil Produktion