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Automotive Industry: Current State of EV Sales: Difference between revisions
Automotive Industry: Current State of EV Sales (view source)
Revision as of 08:23, 4 July 2023
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* According to Statista, the average price of Battery Electric Vehicle is $48,810 in 2023 versus $48,510 in 2022<ref>https://www.statista.com/outlook/mmo/electric-vehicles/worldwide#units</ref>. | * According to Statista, the average price of Battery Electric Vehicle is $48,810 in 2023 versus $48,510 in 2022<ref>https://www.statista.com/outlook/mmo/electric-vehicles/worldwide#units</ref>. | ||
* On the other hand, the average price of Plug-In Hybrid Electric Vehicles is $63,260 in 2023 versus 63,290 in 2022. [[File:Average electric price 2.png|thumb|880x880px|https://www.statista.com/outlook/mmo/electric-vehicles/worldwide]] | * On the other hand, the average price of Plug-In Hybrid Electric Vehicles is $63,260 in 2023 versus 63,290 in 2022. [[File:Average electric price 2.png|thumb|880x880px|https://www.statista.com/outlook/mmo/electric-vehicles/worldwide]] | ||
== State of EV Competition == | == State of EV Competition == | ||
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* As of 2022, BYD lead with a market share of 18% followed by Tesla with a market share of around 13%<ref name=":1" />. | * As of 2022, BYD lead with a market share of 18% followed by Tesla with a market share of around 13%<ref name=":1" />. | ||
* Volkswagen came third with a market share of around 8%.[[File:Global EV market share.png|thumb|681x681px|Source: IEA Global EV Outlook 2023]] | * Volkswagen came third with a market share of around 8%.[[File:Global EV market share.png|thumb|681x681px|Source: IEA Global EV Outlook 2023]] | ||
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* Volkswagen's market share grew from 4.2% to 6.0%. | * Volkswagen's market share grew from 4.2% to 6.0%. | ||
* Hyundai market share declined to 5.4% from 7.8%. | * Hyundai market share declined to 5.4% from 7.8%. | ||
=== China Market === | === China Market === | ||