Canalys estimates that global sales of passenger cars peaked in 2017, and fell in 2018 and 2019. Before the pandemic, Canalys had already forecast another sales decline in 2020, and further declines over the next decade.
COVID-19-related lockdowns and travel restrictions affected the automotive industry terribly in the first half of 2020, and again in parts of the world at the end of 2020. Car sales fell by 14% in 2020, coming in at 66.5 million vehicles, the lowest number of annual sales for nearly a decade.
While sales of all passenger cars sank, 2020 was a landmark year for electric vehicles. 3.1 million were sold, up 39% on 2019. The share of EVs sold in the total passenger car market grew to 4.5%. The report offers regional and country level data and forecasts.
Canalys’ electric vehicle outlook report covers the latest trends in EVs and demand for these vehicles. It provides and overview of new product developments, growth of the charging infrastructure and market share data for the major vehicle manufacturers. Understand which markets are best prepared for a boom in EVs.
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Purchase access to the digital report. You will be given immediate access. Charts and analysis in this 'live' report will be updated throughout 2021 in response to critical industry changes.