On April 29, the International Power Agency stated in its 'Global Electric Car Outlook 2021' statement that despite the economic recession triggered by the epidemic, the number of newly registered electric cars in 2020 reached a record, an increase of 41% year-on-year to 3 million.
The global car market has shrunk by 16% in 2020. In contrast, the weak momentum of electric cars has continued to this day. In the first quarter of 2021, global electric car sales increased by about 140% compared with the same period in 2020. Sales of 500,000 cars and approximately 450,000 cars in Europe. U.S. sales have more than tripled from the first quarter of 2020, although the base figure is much lower.
In 2020, the number of electric cars on the world's roads will exceed 10 million, and there are about 1 million electric trucks, heavy trucks and public cars.
The International Power Agency reported that among the world's top 20 car manufacturers with 90% of new car registrations in 2020, 18 have already expressed plans to expand their model portfolio and rapidly expand the production of light electric cars. The availability of electric heavy-duty vehicles is also expanding, and the four major truck manufacturers have indicated that they will be fully electric in the future.
In 2020, there are about 370 electric cars in the world, an increase of 40% over 2019. China has the largest variety of cars, but in 2020, the number of European models will increase the fastest, and the growth rate will more than double.
In 2020, Europe will surpass China for the first time and become the center of the global electric car market. The number of registered electric cars in Europe more than doubled to 1.4 million; the number of registered electric cars in China increased by 9% to 1.2 million.
According to current trends and policies, it is estimated that by 2030, the number of electric cars, vans, heavy trucks and public cars on the world's roads will reach 145 million. If governments speed up the completion of net emissions, the global fleet will reach 230 million vehicles.
By 2020, governments around the world have spent US$14 billion on direct purchase incentives and tax relief for electric cars, an increase of 25% year-on-year. Nevertheless, the share of government incentives in the total expenditure of electric cars has fallen from about 20% in 2015 to 10% in 2020.
The increase in government spending is all in Europe, and many countries have adopted incentive programs to restore the economy, and these programs have stimulated the sale of electric cars. In our country, government spending has been reduced due to stricter requirements for incentive programs.