Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (April 2023)
Electric vehicle sales in April increase 61.7％ y/y to 802,000 units
Share of electric vehicles (BEV/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 (BEV: battery 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).
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 1) Aggregated on May 22, 2023
Sales volume for China (shipment volume) are totals excluding export figures.
The sales volume (shipment volume) for China are aggregate figures excluding exports.
(Note 2) 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 3 Nordic countries of Norway, Sweden, and Finland (14 countries in total) reached 802,000 units in April. Although sales were up 61.7% year-over-year (y/y), they were down 14.7% compared to the previous month, due in part to the overall high sales volume in March caused by seasonal factors.
Cumulative sales in the period January through April increased by 29.2% y/y to 2.971 million units. The share of electric vehicles was 17.2% in April, a further increase of 0.3 points from the previous month. The share of HVs (hybrid vehicles) was 6.3%, with little change in sales volume, remaining almost unchanged.
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