On Thursday, a Canalys study shows that electric vehicles have continued to grow in demand, with 4.2 million vehicles being sold worldwide in the first half of 2022, 63% growth from the first half of 2021.
The majority of electric vehicles were sold in mainland China with the US only constituting a tiny sliver of the market.
China has the largest and fastest-growing EV market in the world: 2.4 million EVs were delivered to customers in mainland China in H1 2022, equating to 26% of all car sales in China, ZDNet reports.
In the first half of 2021, electric cars only made up 10% of China’s car sales, meaning the demand doubled in one year.
According to the Principal Analyst at Canalys, Jason Low, EV sales in mainland China more than doubled in H1 2022, and it is now by far the biggest EV market. 57% of global EV sales were in Mainland China. With 118% year-on-year growth, it is the fastest-growing market as well.
Europe isn’t too far behind, with 1.1 million EVs delivered in H1 2022, making up 20% of their car sales. Europe holds on to 27% of the global market sales for H1 2022.
Despite making up a large share of the market, EV sales in Europe have lost momentum, with a 4% growth in electric cars delivered to Europe in the first half of 2021.
