Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (June 2023)
Electric vehicle sales in June increase 32.3％ y/y to 1,090,000 units
2023/07/25
- Share of electric vehicles (BEV/PHV/FCV)
- Electric vehicle (BEV/PHV/FCV) share and trends in each country
- Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain
- Passenger car sales trends in 11 major countries (including ICE and all other powertrains)
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).
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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 1) Aggregated on July 21, 2023
Some corrections have been made to past vehicle data.
The sales volume (shipment volume) for China are aggregate figures excluding exports.
Share figures are based on the number of units in thousands.
(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) totaled 1.090 million units in June. This is a 32.3% year-over-year (y/y) increase. Compared to the previous month (m/m), the figures also show an increase of 17.5%.
Cumulative sales in the period January through June increased by 32.7% y/y to 4.990 million units. The share of electric vehicles was 19.9% in June, a further increase of 1.5 points over the previous month. The share of electric vehicles in the first half of 2023 was 17.2%, up 3.1 points from the same period last year.
The number of HVs (hybrid electric vehicles) sold in June alone was 347,000 units, up 22.6% y/y and up 4.5% m/m. Sales in the January to June period totaled 1.965 million units, up 22.6% y/y. The share for the single month of June was 6.3%, down 0.3 points from the previous month.
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