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Column: Europe eats into China's lead as top EV growth market

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In terms of pure purchasing heft, China's dominance in the electric vehicle (EV) market is unmatched: The country bought one out of every two EVs sold in 2021, and will remain by far the top single country for EV sales for decades more.

But in terms of other key EV market metrics, including share of total car sales, share of existing car inventories, and sales per million people, Europe has stolen a significant lead, and merits close attention by those seeking a full understanding of electric vehicle industry dynamics.

From 2016 to 2021, the number of public EV charging stations increased by 431% across Europe to more than 356,000, according to the IEA.

 

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Inhabitants Europe 750M Inhabitants China 1.400M

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