BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China
Green Car Congress
JANUARY 16, 2019
million electric vehicles to be sold globally in 2019. million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. The ‘New Energy Vehicle’ quota takes effect this year but the requirements for 2019 are relatively modest. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales.