Graph illustrating the Global EV car sales surge of 63% in 2018 February 6, 2019

Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes.

A total of 2.08 million plug-in EVs were delivered to customers in 2018, or 2.2% of total car sales, EV-volumes data shows. Of the total, 1.45 million were pure electric EVs and the rest were plug-in hybrid models, it said.

While China continued to dominate the outright number of EV sales last year, in the US Tesla’s new Model-3 became the world’s best-selling EV of all time, boosting total US EV sales by 81% year-on-year, the data shows.

China remains the engine of growth for passenger EVs, and thus the location of most displaced oil demand. EV sales in China rose 76% on the year in 2018, to make up just over half of global EV total, with 1.17 million vehicles sold.

In November, the International Energy Agency raised its estimate for the number of electric cars on the roads in 2040, predicting that the expected 300 million EVs on the roads globally in 2040 will displace 3.3 million barrels/day of oil demand growth.

S&P Global Platts Analytics forecasts that plug-in EVs, including plug-in hybrids, will account for nearly half of global auto sales by 2040, displacing some oil demand as a transport fuel and expanding the role of the electricity sector.

FULL ARTICLE: S&P Global Platts | Global EV car sales surge 63% in 2018 to top 2 million vehicles

Latest News &
Announcements

All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. The best way to stay up to date is to sign up for our newsletter.

  • SILVIA RODRIGUEZ AWARDED ‘2019 MINING WOMAN OF THE YEAR’

    SILVIA RODRIGUEZ AWARDED ‘2019 MINING WOMAN OF THE YEAR’

    Dr. Silvia Rodríguez (Orocobre Limited’s Shared Value Program Manager) has been distinguished with the Enrique Miguel González ‘2019 Mining Woman of the Year Award’ at Panorama Minero’s annual “Night of Distinctions” dinner. Silvia was selected in recognition of her commitment to the mining industry, prioritising local community relationships and for tirelessly advocating the inclusion of... View Article
  • China Raises 2025 Electrified-Car Sales Target to About 25%

    China Raises 2025 Electrified-Car Sales Target to About 25%

    China raised its 2025 sales target for electrified cars as the government tries to spur an industry that’s showing signs of slowing down. The country wants about 25% of new cars sold by 2025 to be electrified, according to a draft policy published by the Ministry of Industry and Information Technology on Tuesday. Its last... View Article
  • Orocobre 2019 Annual General Meeting – Video

    Orocobre 2019 Annual General Meeting – Video

    For all those who couldn’t attend the 2019 Annual General Meeting (AGM), Orocobre is pleased to share this video of both the Chairman’s and CEO’s presentations.

Be the first to know.
Subscribe Now.

We will never sell or share this information to anyone. Privacy Policy
© 2019 Orocobre Limited Pty Ltd