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Global EV sales to cross 11 million in 2022: report.

6.7 million EVs were sold in 2021, 70.7% were BEVs, and 29.1% were PHEVs.

Market research company, Research and Markets released its Global Electric Vehicles Outlook, 2022 report. As per the report, the global EV sales in 2022 will cross the 11 million mark.

In 2021, 6.7 million EVs were sold, out of which 70.7% were BEVs and 29.1% were PHEVs. Tesla retained the leadership with sales of 936,172 units, followed by the VW Group with 762,717 units. Tesla (13.8%) and VW Group (11.3%) held 25.1% of the market.

Global EV penetration increased from 4.4% in 2020 to 8.8% in 2021. APAC recorded a 151.7% YoY growth, the highest among others, helping it widen the gap between itself and Europe in 2021.

A total of 641,000 MWh of units have been delivered globally in the last 11 years, with 2021 delivering 251,400 MWh, 80% higher than in 2020. EV charging point installations surpassed 1.5 million points compared to 1.1 million in 2020, with China (accounting for 65%) having the maximum number.

CHAdeMO is the first prominent format to be phased out by 2024. China’s upcoming ChaoJi format is expected to grow in the next decade as it is compatible with AC and DC (like CCS) and with current and old connector formats. Advanced features, such as V2G services, business intelligence, blockchain technology, and suggestive charging pattern, will be available and preferred by network operators in the next 5 years of management/aggregator cloud platforms.

Leading battery manufacturers (BYD, CATL, and LG Chem) and OEMs (for example, BYD, Daimler, and VW) are now looking at next-generation battery technology. It focuses on module-less battery pack technology, integrating cells directly into the pack without packing them into modules.

Click here, to buy the full report.

Also Read: Audi announces H1 2022 results.

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