The demand of plug-in and electric cars has increased 11 times since 2011, boosted mainly by the Chinese and European markets, according to a new study.
This fast-moving trend has been an expected one, considering the lively development pace of electric technologies backed by governmental efforts of granting bigger and bigger incentives. According to a study made by the national association for the development of electric mobility in France, 2015 brought an 80 percent jump in global sales of EVs and PHEVs, for the global market to hit a total of around 565,000 such vehicles. This is a massive jump considering that at the end of 2011 only around 50,000 units were sold worldwide. The market has evidently been pushed up by China, where the demand exploded in the last four years, from 5,200 rechargeable cars sold in 2011 to 214,283 units in 2015, up 41 time. Last year alone, deliveries rose by 245 percent (61,984 units in 2014) and China represents now 38 percent of the global market, compared to only 10 percent in 2011.
Europe also helped the green movement, with the Western region as the second global market for EVs and PHEVs, registering around 184,500 units on roads by 2015, a 13 percent increase in the last four years. The previous one marked the first time since 2011 when Europe surpassed the United Sates, where the demand for battery-powered cars dropped 3 percent from 118,882 in 2014 to 115,262 vehicles. This is not surprising at all, as US buyers relied on low fuel prices and, consequently, on big trucks and SUVs. As for other regions, around 45,000 rechargeable cars were sold in Japan last year, while the Canadian market jumped 247 percent, from 1,521 units in 2014 to 5,284 units in 2015.