Electric vehicle production forecast - selected countries 2021

China is projected to produce around 6.8 million battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) in 2021, more than any other nation worldwide. China’s estimated production level is also anticipated to exceed the combined output of other large markets, such as the United States, Germany, and Japan.

China’s electric dream

China is forecast to be the world leader in terms of electric vehicle production over the next few years, but it is already at the forefront of the electric vehicle revolution. The total stock volume of BEVs and PHEVs in China was around 2.3 million in 2018, almost double the previous year’s volume. This estimated figure means that China had the most electric vehicles in use worldwide in 2018.

Shanghai Automotive Industry Corporation (SAIC)

SAIC Motor is one of the leading electric vehicle manufacturers in China: it was ranked among the top three companies in terms of electric vehicle sales across the country in 2018. Sales of the firm’s BEVs and PHEVs increased by 119 percent between 2017 and 2018, and this resulted in SAIC reporting revenues of around 23 billion yuan from its alternative energy vehicles in China in 2018.

Projected plug-in electric car production in selected countries in 2021

CountryEV production in thousand units
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Sources

Release date

2018

Region

Worldwide

Survey time period

2018

Supplementary notes

The numbers refer to battery-powered and plug-in hybrid vehicles.

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