Electric car sales grow 147% in February

According to data from the fenabrave (National Federation of Motor Vehicle Distribution), sales of electrified cars in Brazil had the best month of February in the historical series of ABV (Brazilian Electric Vehicle Association).

In total, there were 3.435 registrations, equivalent to an increase of 147% over February 2021 (1.389) and 34% over January 2022 (2.558).

It also corresponds to 2,8% of total domestic sales of automobiles and light commercial vehicles in Brazil, which were 120.192.

In January, for example, the market share of electrified vehicles was 2,2%. In 2021 (January to December), 1,8%.

These numbers refer to the sum of cars, light commercial vehicles and hybrid (HEV), plug-in hybrid (PHEV) and 100% electric (BEV) utility vehicles/SUVs.

According to ABVE, in February, once again the market was driven by hybrids (68% of total electrified vehicles), especially ethanol-fueled flex hybrids (60%).

Considering only plug-in electric vehicles, they accounted for 20% of the segment's sales and 100% electric vehicles accounted for 12%, with a total of 1.091 units registered last month, or 0,9% market share.

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Market analysis

For Adalberto Maluf, president of ABVE, sales in Brazil are growing. “However, if we compare only electric vehicles, Brazil registered only 0.9% of the total in February”.

Maluf compared this percentage with that of Germany, for example, whose electric sales jumped from 3% of the local market in 2019 to 26% in 2021 (25% in February 2022).

In China it is also possible to see a growth curve. Sales of BEVs + PHEVs reached 13% of the country's market in 2021. In Europe, this market share reached 17% last year. In the United States, 4%.

According to ABVE, the global light electric market (BEV + PHEV) reached 8,3% of total sales, with 6,7 million cars sold in 2021.

In Brazil, last year, sales of electrified vehicles were 34.990 units, including HEVs, or 1,8% of the total. “This scenario should become a challenge for the insertion of Brazilian factories in global production chains”, added Maluf.

“If we do not make much further progress in the electrification of transport, we will run the risk of seeing more closures of production parks in Brazil”, he highlighted.