Global electric vehicle market grew 29.0 percent annually in April 2022

The global electric vehicle (EV) market sales in the first quarter far outperformed expectations although many EV automakers increased the prices of their models in response to rising raw material costs. However, coupled with lockdowns in some regions in China due to its Zero-Covid policy, this exacerbated supply chain constraints and weakened April sales prospects. According to Researcher and Research LLC, the global EV market sold 540,952 units in April 2022, with a year on year (YoY) growth of 29.0% and a month on month (MoM) decline of 33.0%. The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 69.8% and 30.2%, respectively, compared with 66.0% and 34.0% of the same period last year, BEV showed a slight growth.   Figure 1  Sales units of the global top 10 EV sales countries in April 2021 vs April 2022   China, the US, Germany, France, the

2022-05-14T05:50:51-07:00May 16th, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , , |

Global electric vehicle market grew 70.7 percent annually in Q1 2022

According to Researcher and Research LLC, the global electric vehicle (EV) market grew to 2.004 million units in the first quarter of 2022, with a year on year (YoY) growth of 70.7%, as shown in figure 1.   Figure 1  Global quarterly EV sales and annual growth rates, Q1'21-Q1'22   The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 72.8% and 27.2%, respectively, compared with 67.5% and 32.5% of the same period last year, BEV was on a rise. In terms of EV sales volume and market shares in major countries, China remains the world's largest EV sales country, with an annual growth rate of 145.0% and a market share of 56.5%, up significantly from 39.4% in the same period last year. With annual growth of 61.1%, the US had overtook Germany to become the world's second-largest market by sales, as shown in figure

2022-04-16T20:48:04-07:00April 18th, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , |

Global electric vehicle market grew 91.7 percent annually in February 2022

According to Researcher and Research LLC, global electric vehicle (EV) market grew to 543,818 units in February , with a year on year (YoY) growth of 91.7%. The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 69.7% and 30.3%, respectively, compared with 64.7% and 35.3% of the same period last year, BEV was on a rise. In terms of EV sales volume and market shares in major countries, China remains the world's largest EV sales country, with an annual growth rate of 182.8% and a market share of 54.3%, up significantly from 36.8% in the same period last year, as shown in figure 1. With annual growth of 65.9%, the US continued overtaking Germany to maintain the world's second-largest market by sales, with its market share falling to 11.0% from 12.7% in the same period last year. Germany, the third-largest sales country, grew 24.2% a

2022-03-18T05:23:08-07:00March 21st, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , |

Japan became the global top ten electric vehicle sales country for the first time in January 2022

As a member of the R-N-M Alliance, the Japanese carmaker Nissan began selling the Nissan Leaf electric vehicle (EV) a decade ago and has become one of the world's longest-selling battery electric vehicle (BEV) models. However, the Japanese government and automakers appear to be overly conservative in their stance on the development of the EV market compared to the other major auto industry powers and automakers. They strongly support hybrid cars as the most logical option for Japanese automakers and their auto market to transition from petrol cars to EVs. Therefore, Japanese carmakers have not been active in EV sales in recent years, and the development of the domestic EV market in Japan is relatively slow. According to Researcher and Research LLC, Japan was the world's fourth-largest auto market with 2.399 million passenger cars sold in 2021, just behind China with 20.857 million, the US with 14.936 million, and Germany

2022-03-13T05:54:29-07:00March 14th, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , |

Global electric vehicle market to grow year on year at 104.9% in January 2022

According to Researcher and Research LLC, despite the negative impact of global shortages of automotive chips, global electric vehicle (EV) market grew to 652,733 units in January, with a year on year (YoY) growth of 104.9%. The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 73.1% and 26.9%, respectively, compared with 69.1% and 30.9% of the same period last year. BEV had grown more and its mainstream status was firmly established. In terms of EV sales volume and market share in major countries, China remains the world's largest EV sales country, with an annual growth rate of 137.5% and a market share of 58.2%, up from 50.2% in the same period last year, as shown in figure 1. With annual growth of 118.9%, the US overtook Germany to become the world's second-largest market by sales, with its market share rising to 8.2% from 7.7% in

2022-04-04T05:55:10-07:00February 21st, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , |

Worldwide electric vehicle market sales in October

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, global electric vehicle (EV) market sales were 604,135 units in October, with a year-over-year (YoY) growth of 67% and an month-over-month (MoM) decline of 13%. The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 71% and 29%, respectively. Moreover, lithium-iron-phosphate (LiFePO4 cathode, LFP) battery continued to hit a record high in the proportion of batteries used in the global EV market (in terms of MWh), reaching 14% in October 2021, mainly driven by shipments from GM (Wuling), BYD, Tesla, Great Wall, GAC and Xiaopeng. Another record highs were the penetration rates of EV and BEV. Due to continued shortages of automotive chips and related automotive accessories, sales of internal combustion engine (ICE) passenger cars (including light commercial vehicles used primarily as passenger cars) kept declining, while the penetrations of EV and BEV continued to

2021-11-09T01:43:21-08:00November 9th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Worldwide electric vehicle market sales in Q3 2021

Global electric vehicle (EV) market grew to 1,690,996 units in Q3, with a year-over-year (YoY) growth of 94% and a quarter-over-quarter (QoQ) growth of 16%. Regarding to the proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV), BEV accounted for 72%, up 3% from 69% in the same period of last year, and PHEV type accounted for the rest 28%. In terms of penetration, the global EV penetration surpassed 10% in Q3, and the global BEV penetration surpassed 7%, both of which hit all-time quarterly highs. In terms of EV sales volume and market share in major countries, China remained the world's largest EV sales country, with a 51% market share. The US overtook Germany for the first time this year and became the second largest country this quarter. These three countries accounted for the majority of Q3 sales, with a combined share of 71%. The rest

2021-10-23T06:13:01-07:00October 23rd, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Worldwide electric vehicle market sales in August

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, despite the negative impact of global shortages of automotive chips and seasonal slowdown, global electric vehicle (EV) market grew to 513,841 units in August, shaking off the recession of July, with a year-over-year (YoY) growth of 103% and an month-over-month (MoM) growth of 6%, as shown in figure 1. Figure 1  Worldwide monthly EV sales   The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 72% and 28%, respectively, as shown in figure 2. BEV mainstream status was firmly established, up 1% from the previous month, but there was still nearly 30% in PHEV type. Figure 2 Change in the proportion of BEV and PHEV sales   In terms of penetration, as shown in figure 3, the global EV penetration continued to grow in August, approaching 10%, and the global BEV

2021-09-26T21:44:38-07:00September 27th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Worldwide electric vehicle market sales in July

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, due to the global shortage of automotive chips, seasonal slowdown and some countries' subsidy policy adjustments, global electric vehicle (EV) sales declined to 483,839 units, with an MoM decline of 18% and a YoY growth of 91%, as shown in figure 1. Figure 1  Worldwide monthly EV sales   The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 71% and 29%, respectively, as shown in figure 2. BEV mainstream status was firmly established, but there was still nearly 30% in PHEV type. Figure 2  Change in the proportion of BEV and PHEV sales   In terms of penetration, global EV penetration has been over 9% in July and global BEV penetration has exceeded 6% for two consecutive months, as shown in figure 3. Both penetration rates were at record highs.

2021-09-06T06:29:45-07:00August 16th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

EV penetration of the Top 10 EV countries in Q1 2021

The top 10 electric vehicle (EV) countries in Q1 2021 are China, Germany, United States of America (USA), France, United Kingdom (UK), Sweden, Norway, Italy, South Korea and Belgium, according to the market and strategy research company, Researcher and Research. In terms of EV penetration, the top 10 countries in Q1 2021 are Norway, Sweden, Germany, France, Belgium, UK, China, Italy, South Korea and USA. Figure 1    EV penetration of the Top 10 EV countries in Q1 2021 Shown as the figure 1, EV penetration of the top one EV country, China, has reached 10%, and the second largest EV country, Germany, is 22%, while the U.S. has the lowest EV penetration in the top 10, at about 3%. The top three countries account for 67% of the market and are currently the main drivers of the EV market. France and the UK, the fourth and fifth largest,

2021-08-01T02:45:13-07:00May 27th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: |
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