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Study: China increases lead in electromobility, Europe lags
By Christoph Hammerschmidt , Mar. 27, 2017 –
China is pushing up the pace of electric mobility: With 43% of world production of 870,000 electric vehicles, China is well ahead of Germany with 23% and the USA with 17%. Who believes this lead is owed only to China's cheap labor is wrong: The country is also successfully developing the underlying technologies, corporate consultancy McKinsey writes in a study.
Besides its edge in the production of electric cars, the People's Republic of China increased its market share in key components in 2016: In the global production of battery cells, China now accounts for 25% of the world market share. In the segment of E-motors, China is even stronger; it manufactured 37% of the world's demand. On the demand side, China is also very dynamic, but still ranks fourth behind Norway, the Netherlands and Sweden. Germany, otherwise Europe's largest market for vehicles, ranks in the overall view of market size and general conditions in the rear midfield of the 15 countries studied. These are the key findings of McKinsey & Company's current Electric Vehicle Index (EVI).
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