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.

  • Nobel Prize Winner Says Battery Recycling Key to Meeting Electric Car Demand

    Nobel Prize Winner Says Battery Recycling Key to Meeting Electric Car Demand

    Recycling batteries is the key to securing enough raw materials to power the surge in electric vehicle demand, according to a winner of the Nobel Prize in Chemistry. “The point is whether EV batteries can be recycled,” said Akira Yoshino, a Japanese chemist who was awarded the prize with two others for their pioneering work... View Article
  • Boeing and Porsche team up to develop flying electric car

    Boeing and Porsche team up to develop flying electric car

    Porsche and Boeing have signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.
  • Chemistry Nobel Hails Work on Batteries That Changed Society

    Chemistry Nobel Hails Work on Batteries That Changed Society

    The Nobel Prize in Chemistry was awarded to a trio of pioneers of the modern lithium-ion battery, which is revolutionising everything from mobile phones to the future of the global car industry. The prize went to M. Stanley Whittingham, a British-American professor at the State University of New York at Binghamton; Japan’s Akira Yoshino, of... View Article

Be the first to know.
Subscribe Now.

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