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Approximately 1.6 Million EVs are Likely to be Sold in 2018
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This study analyzes the global EV market in the first half of 2018. The geographical scope includes China, France, Germany, Japan, Norway, the Netherlands, the United Kingdom and the United States. The global EV market is likely to reach sales of 1.6 million units in 2018, up from 1,284,435 units in 2017. Approximately 18 new models are likely to be launched in the year. Most OEMs have announced plans of launching at least one type of hybrid amongst battery electric vehicles, plug-in hybrid electric vehicles, mild hybrid electric vehicles or full hybrid electric vehicles as a variant of their flagship models. Traditional automakers are now making numerous attempts to capitalize on the opportunity by introducing hybrid vehicles into the market after the success of players such as Tesla and other start-ups which are likely to join the bandwagon. China became the first EV market to achieve sales of 421,293 units in H1 2018. The country is leading the EV race with over 89,187 vehicles (as many as the combined sales of the next 6 countries in Top 7) sold in June 2018, and is followed by the United States and Japan. Over 50% of the models available for sale in the country are from Chinese OEMs, which helps the domestic market grow at a rapid pace. Nissan Leaf will become the highest selling BEV with over 82,000 units sold globally, while BJEV EC180 will take the lead among BEVs with sales of over 79,000 units, by the end of 2018.
The aim of this research service is to provide an executive study on global electric vehicle (EV) sales for H1 of 2018.
The objective of this study is to provide the following:
A strategic overview of the global half-yearly sales of EVs in 2018
Global half-yearly sales by OEM in 2018
Global half-yearly sales by top 10 countries in 2018
A summary of the performance of EVs in 2017 and its impact on H1 2018
Author: Prajyot Sathe
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