Electric Vehicle (EV/PHV/FCV) Sales Monthly Report (August 2022)

Electric vehicle sales in August increased 75.3% y/y to 870k units


Share of electric vehicles (EV/PHV/FCV)

  This report presents new car sales volumes (MarkLines aggregate data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (EV: electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 14 countries, including 11 major countries, which account for approximately 80% of global car sales, and three Nordic countries (*Note).

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  11 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy

  3 Nordic countries: Norway, Sweden, Finland

  These 14 countries account for about 90% of global electric vehicle sales.

  (*Note) Reasons for high electrification rates in Nordic countries

  1. The population’s environmental awareness has always been high.
  2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).
  3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.
  4. A wide range of electric vehicle models is available.


  Sales of electric vehicles in the 11 major countries and the three Nordic countries of Norway, Sweden, and Finland (14 countries in total) totaled 870K units in August 2022. The year-over-year (y/y) increase was 75.3% and the increase over the previous month was 8.0%.

  The share of electric vehicles among all powertrains reached 17.9%, up 13.6 points from 4.3% in August 2020, a record high. On the other hand, the growth of HVs (hybrid vehicles, excluding mild HVs) remained stagnant at 4.6%.

Total sales volume / share of electric vehicles and HVs in 11 major countries and 3 Nordic countries


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