by Jose Pontes
January 23, 2022
https://cleantechnica.com/2022/01/22/pl ... -in-china/
Introduction:
(Clean Technica) Plugin vehicles in China once again ended the year with a record month, growing by 125% year over year (YoY) in the last month of the year, to a record 502,000 units. Full electric vehicles (BEVs) were responsible for 83% of the plugin market in December, slightly above the 81% average in 2021.
Last month, plugin share reached a record 21% (17% BEV), pulling the 2021 share to 15% (12% BEV). That more than doubled the 2020 result of 6.3% (5.1% BEV).
Looking at 2022, with low subsidies in a strong, dynamic market, organic demand is what is pulling the market up, so expect disruption to fully unfold in 2022 … in the largest automotive market in the world.
Local analysts expect this year to end at over 20% share, with the overall market merging further with the plugin segment. The plugin market actually brought some of its trends to the mainstream market in 2021, like the rise of domestic automakers in the overall market. Chinese automakers rose from 38% in 2020 to 44% in 2021, while in December, the two automakers with the highest growth rates among the 20 biggest brands were BYD (+78% YoY) and Tesla (+198%). Expect these two automakers to continue rising in the overall brand ranking in 2022.
Looking at December’s best sellers, there were no real surprises in the top 5, with the Wuling Mini EV winning another best seller title, followed by both Tesla midsizers and their BYD nemesis.