Electric Vehicle (EV/PHV/FCV) Sales Monthly Report (July 2022)
Electric vehicle sales in July up 75.5% YoY to 810K units
2022/08/22
- Share of electric vehicles (EV/PHV/FCV)
- Electric vehicle share and trends in each country
- Electric vehicle sales trends of major manufacturers and sales composition by powertrain
- <Reference> Automobile sales trends in 11 major countries (Including all Powertrain types)
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
- The population’s environmental awareness has always been high.
- 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).
- Generous policies such as subsidies, tax incentives, and charging infrastructure development.
- A wide range of electric vehicle models is available.
Sales of electric vehicles in the 11 major countries plus the three Nordic countries of Norway, Sweden, and Finland (14 countries in total) totaled 810k units in July. This is an increase of 75.5% year-over-year and a decrease of 5.2% from the previous month.
The share of electric vehicles among all powertrains was 15.9%, up about 12 percentage points in two years from 4.3% in July 2020. HVs (hybrid vehicles, excluding mild HVs) also expanded from 4.0% to 5.0%, but the growth rate is moderate, and conversely the market share has been declining in recent months.
Total sales volume / share of electric vehicles and HVs in 11 major countries and 3 Nordic countries |
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