In December, China accounted for 58% of the global BEV market, while Europe maintained its lead in PHEVs (46% market share) and South Korea in FCEVs (55% market share) (300 units). Norway, the Netherlands, and Sweden now have more than 10% EV penetration, while China has more than 5% for the first time, and the UK has taken the lead among the EU5 countries.
In 2019, 2.2 million EVs were sold, up 11% from the previous year and accounting for 2.9% of PV sales, up from 2.5% in FY 2018. In December, 280k EVs were sold, a 4% decrease from the previous year. BEV penetration was higher than in previous months, thanks to Tesla, China, and the Netherlands.
BEVs have increased their lead in 2019 to nearly three EVs out of every four sold, but this may have peaked as many PHEV models have been introduced in the last few months. China recovered more than 5% in December, while the Netherlands reached an all-time high of 54%. However, the global EV penetration of 4.1% is slightly lower than in December 2018 (4.4%).
Tesla Model 3 won the EV crown for the third time, with over 300,000 units sold, while Tesla also won the OEM crown, ahead of BYD and BAIC, with over 350k EVs sold. In December, more than 50,000 Tesla Model 3s were sold, while BAIC had two EVs on the podium. In December, there was not a single European EV in the Top 10.
Tesla sold more than 60,000 EVs in December, setting an all-time high, while BAIC and VW Group also did well in December, thanks to China and the Netherlands.
