IEA: Combined US and European BEV market to outstrip China by 2030
The East Asian heavyweight’s global market dominance set to erode
Chinese sales accounted for 61pc of the world’s BEVs sold in 2022, according to data from the IEA. But, under its central ‘Steps’ scenario, that lead will have been whittled down to the extent that, by 2030, adding US and European sales together will outstrip China’s demand.
The IEA’s 2022 figures have Chinese BEV sales at 4.4mn, out of a global total of 7.3mn. Europe’s 1.6mn BEVs sold accounts for another 22pc of worldwide appetite, while the US is half of Europe at 0.8mn and 11pc, respectively.