Affected by the global trend of strengthening environmental protection restrictions, the sales of pure electric vehicles are growing rapidly, with the global market size of pure electric vehicles increasing by 71% in 2018 compared with 2017, adding 1.3 million units. In addition, the launch of models with a range of more than 400 kilometers and a charging frequency similar to that of gasoline vehicles have greatly expanded the market size of pure electric vehicles.
According to the Nihon Keizai Shimbun, the global market for pure electric vehicles (EVs) will expand 16.9 times from 2018 to 22.22 million units in 2035, according to fujifilk Keizai, a Japanese research firm.
It is expected to grow rapidly centered on China and Europe, and surpass the market size of pioneering hybrid vehicles (HV) by 2021. China will account for 50% of the total market in 2035.
By 2035, the market size of pure electric vehicles in China is expected to increase 13.7 times from 2018 to 10.56 million units. Europe will increase 32.1 times to 6.74 million units in 2018, second only to China.
Auto makers in China and Germany are actively developing and selling all-electric vehicles.
The global market for hybrid vehicles is expected to reach 7.85 million units in 2035, 3.4 times that of 2018. Among them, the Japanese market accounted for about 20 percent. The statistics are based only on the FULL HYBRID model with high voltage, and do not include the simple HYBRID model called MILD HYBRID, which is used by foreign automakers.
