▲ An electric vehicle charging station in Seoul
Global electric vehicle deliveries outside of China grew by more than 30 percent year-on-year in the first half of this year.
According to market research firm SNE Research on August 10, a total of 4.598 million EVs were registered worldwide outside of China between January and June, marking a 30.3 percent increase compared to the same period last year.
The statistics cover both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
Considering that the overall global growth rate including China stood at 5.5 percent over the same period, SNE Research analyzed that the center of gravity for EV growth is shifting outside of China.
By automaker, Volkswagen maintained its top spot with 635,000 units, up 7.6 percent, while Tesla came in second with 599,000 units, surging 31.0 percent on the back of a sales recovery in the second quarter.
Third place went to BYD with 497,000 units delivered, posting an 81.4 percent surge as it expanded its sales base into Europe, Southeast Asia, and Latin America.
Hyundai Motor Group saw a 25.9 percent increase to 370,000 units, but fell one notch from 3rd to 4th place last year as its growth lagged behind the market average.
China's Geely (296,000 units, up 47.0%) and Chery (201,000 units, up 350.7%) also posted high growth rates, taking 5th and 9th places, respectively.
SNE Research analyzed that Chery significantly boosted its non-China sales through the expansion of export brands such as Omoda and Jaecoo.
By region, Europe remained the largest market with 2.528 million units, an increase of 29.0 percent.
Stricter emission regulations, the introduction of new models, and subsidies supported demand.
Asia outside of China showed a steep upward trend, skyrocketing 75.8 percent to 933,000 units.
On the other hand, North America recorded 681,000 units, down 20.5 percent due to the expiration of U.S. EV tax credits.
SNE Research projected that "in the second half of the year, whether Europe's growth continues, how long the North American incentive vacuum prolongs, and how fast Chinese automakers expand their localization in Asia will determine changes in market share outside of China."
(Photo: Yonhap News)
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