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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 19:15, 4 October 2023
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* Sales in Western and Central Europe were up +28 % in H1 compared to just +15 % growth in 2022 | * Sales in Western and Central Europe were up +28 % in H1 compared to just +15 % growth in 2022 | ||
* EV sales in USA and Canada are +50 % higher YTD to June than last year. | * EV sales in USA and Canada are +50 % higher YTD to June than last year. | ||
* For the full year of 2023, we expect sales of 14 million EVs, growth of +33 % over 2022, with BEVs reaching 10 million units and PHEVs 4 million units. By the end of 2023 we expect 40 million EVs in operation, counting light vehicles, 70 % of which are BEVs and 30 % PHEVs | * For the full year of 2023, we expect sales of 14 million EVs, growth of +33 % over 2022, with BEVs reaching 10 million units and PHEVs 4 million units. By the end of 2023 we expect 40 million EVs in operation, counting light vehicles, 70 % of which are BEVs and 30 % PHEVs | ||
[[File:WW-P-6-2023.png|center|thumb|574x574px|https://www.ev-volumes.com/]] | |||
* BYD nearly doubled H1 sales to 1,25 millionb units, making it #1 in the global EV sales ranking, with their 633 000 PHEV sales included. The company currently sells 17 BEV models and 8 PHEV models. | |||
* Counting BEVs only, Tesla still leads by a wide margin with 889 000 units delivered in H1. Tesla leads global sales of BEVs by a large margin, with a share of 20,8 % in all BEVs sold worldwide. With a H1 growth of +57 %, Tesla gained EV sector share again, as did BYD. | |||
* Some EV OEMs prioritize volume and market share growth, like BYD, Tesla, GAC (Aion) and Li Auto. Or they protect the tight margins they may have on EVs, like VW, Stellantis, Hyundai, BMW, NIO and Volvo. | |||
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== EV Outlook == | == EV Outlook == | ||